Parkit Enterprise Inc. (TSXV:PKT) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 11,692,258 shares, representing 5% of its issued share capital. The program will be funded out of available cash of the company.

The purpose of the program is to create shareholder value. The repurchased shares will be cancelled. The program will expire on March 23, 2024, unless the maximum amount of common shares is purchased before then or the company provides earlier notice of termination.