CIBT Education Group Inc. (TSX:MBA) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,374,877 common shares, representing 5% of its issued and outstanding common shares for a total of CAD 2 million. All the repurchased shares under the bid will be cancelled.

The plan is valid till March 21, 2024, or on such earlier date as the company may complete its purchases pursuant to the bid or provides notice of termination. As of March 10, 2023, the company had 67,497,540 issued and outstanding common stock.