The Real Brokerage Renews Share Buyback Of ~5% Of Total Issued Outstanding Shares; Set To Commence On May 29, 2024, Immediately Following The Expiration Of The Current NCIB On May 28, 2024
The Real Brokerage Renews Share Buyback Of ~5% Of Total Issued Outstanding Shares; Set To Commence On May 29, 2024, Immediately Following The Expiration Of The Current NCIB On May 28, 2024
The Real Brokerage Inc. (the "Company" or "Real") (NASDAQ:REAX), the fastest-growing, publicly traded real estate brokerage, today announced that its Board of Directors has approved the renewal of the Company's normal course issuer bid ("NCIB"). The NCIB is set to commence on May 29, 2024, immediately following the expiration of the current NCIB on May 28, 2024.
增長最快的上市房地產經紀公司Real Brokerage Inc.（“公司” 或 “Real”）（納斯達克股票代碼：REAX）今天宣佈，其董事會已批准延長公司的正常發行人出價（“NCIB”）。NCIB定於2024年5月29日開始，即當前的NCIB於2024年5月28日到期後立即開始。
The NCIB authorizes Real to repurchase up to 9,472,708 of its common shares ("Common Shares"), representing approximately 5% of the total issued and outstanding Common Shares of 189,454,169 as of May 1, 2024. This repurchase program will be conducted during the twelve-month period commencing May 29, 2024 and ending May 28, 2025. In addition, the aggregate number of Common Shares acquired by the Company within any 12-month period under the current NCIB and renewed NCIB will not exceed 5% of the Common Shares issued and outstanding at the beginning of such 12-month period.
NCIB授權雷亞爾回購最多9,472,708股普通股（“普通股”），約佔截至2024年5月1日已發行和流通的189,454,169股普通股總額的5％。該回購計劃將在自2024年5月29日起至2025年5月28日結束的十二個月內進行。此外，公司在任何12個月期限內根據當前NCIB和續訂的NCIB收購的普通股總數將不超過該12個月期初已發行和流通的普通股的5％。