Quipt Home Medical Corp (TSE:QIPT) has released an update.
Quipt Home Medical Corp has announced it will implement a normal course issuer bid (NCIB), allowing the company to repurchase and cancel up to 3,626,845 of its common shares, potentially enhancing shareholder value. This reflects the company’s belief that its share price does not accurately represent its value due to a strong financial position and operational performance. The NCIB is set to begin on May 6, 2024, and will be an additional option for capital allocation to supplement the company’s growth strategy.
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