Tellza Communications Inc. announces an Equity Buyback for 533,916 shares, representing 5% for CAD 0.81 million.
October 31, 2017 at 05:28 pm EDT
Tellza Communications Inc. (TSX:TEL) announces a share repurchase program. Under the program, the company will repurchase up to 533,916 shares, representing approximately 5% of its outstanding shares of the company, at an average price of CAD 1.52 per common share, for a total of CAD 0.81 million. The shares will be acquired from company executives and former executives pursuant to an exemption from issuer bid requirements under applicable securities law. The repurchased shares will be cancelled.