TORONTO, ON, March 26, 2025 (GLOBE NEWSWIRE) -- NamSys Inc.(the "Company”) (CTZ – TSX-V), a leading provider of technology for cash processing and transportation, today announces its intention to commence a normal course issuer bid through the facilities of the TSX Venture Exchange (the "TSXV") and/or alternative authorized Canadian trading systems to repurchase, for cancellation, up to 1,343,186 common shares of the Company, representing less than 5% of the Company's presently issued and outstanding common shares (the "NCIB").
The NCIB will be made through the facilities of the TSXV and/or alternative authorized Canadian trading systems, and the purchase and payment for the common shares will be made from the Company's existing working capital at the market price of the applicable securities at the time of acquisition, plus brokerage fees, if any, charged by the Broker.
A copy of the Form 5G - Notice of Intention to make a Normal Course Issuer Bid filed by the Company with the TSXV in respect of the NCIB can be obtained from the Company upon request without charge.NamSys Inc.products are designed to bring efficiency to the processing of currency and other value instruments in retailers, financial institutions, and cash-in-transit providers.
The story "NamSys Announces Normal Course Issuer Bid" has 632 words across 19 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "NamSys Announces Normal Course Issuer Bid" was covered 2 weeks ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 86 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
