Senvest Capital Inc. Announces Amendment and Increase to Normal Course Issuer Bid
January 22 2021 - 4:03PM
Senvest Capital Inc. (the “Corporation”) (TSX: SEC) announced today
the acceptance by the Toronto Stock Exchange (the “TSX”) of the
Corporation’s Notice of Intention to amend its previously announced
Normal Course Issuer Bid (the "NCIB") to increase the number of
common shares of the Corporation which the Corporation may
repurchase for cancellation under the NCIB from 70,000 common
shares, or 2.67% of the Corporation's issued and outstanding common
shares as of August 1, 2020, to 100,000 common shares,
representing 3.81% of the Corporation's issued and outstanding
common shares as of August 1, 2020.
Under the NCIB, which commenced on August
14, 2020, the Corporation has repurchased a total of 62,100 common
shares through the facilities of the TSX and through eligible
alternative trading systems at a weighted average price
of $174.39 per common share as of the date hereof.
Other than the increase to the maximum number of
common shares which may be purchased by the Corporation pursuant to
the NCIB, no further amendments have been made to the NCIB, and the
NCIB is still set to terminate on August 13, 2021. For further
details regarding the NCIB, please refer to the Corporation's prior
news release dated August 11, 2020.
Senvest Capital Inc. and its subsidiaries have
business activities in merchant banking, asset management, real
estate and electronic security.
_________________________________ For more
information, please contact Mr. George Malikotsis, Vice-President,
Finance of Senvest Capital Inc., at (514) 281-8082.
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