Urbana Renewed Share Buyback Program Approved by TSX
Urbana has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing it to repurchase up to 3.1 million non-voting Class A shares, representing approximately 10% of the public float. The buyback program is set to begin on September 9, 2026, and will run through September 8, 2027. Shares may be purchased across multiple Canadian trading platforms including the TSX and CSE before being cancelled post-purchase. Under its previous share repurchase plan, Urbana had already bought back 58,800 Class A shares as of August 31, 2026. The renewed buyback is expected to signal confidence in the company's value proposition while potentially improving shareholder returns through reduced supply and increased earnings per share.
Tickers: $URNAF
Topics: buyback Toronto Stock Exchange Urbana