NCIBA healthy 10% buyback if they act on it .
Some interesting language.
"The average daily trading volume (" ADTV ") of the Corporation's Subordinate Voting Shares over the last six completed calendar months was 139,965. Accordingly, under the TSX rules, the Corporation is entitled to repurchase, on any trading day, up to 34,991 Subordinate Voting Shares. Once a week, in addition to this daily limit, the Corporation may also repurchase a block of Subordinate Voting Shares that is not directly or indirectly owned by an insider (i) having a purchase price of $200,000 or more, (ii) of at least 5,000 shares having a purchase price of at least $50,000 , or (iii) of at least 20 board lots of shares which total 150% or more of the ADTV, in accordance with the TSX rules.
I can't remember ever seeing anything this specific.
In other news , big drop in backlog. . The Corporation's operating activities generated cash of $53.3 million during the 9-month period ended October 31, 2024.