CMG launches C$ 20 million modified Dutch auction share buyback, offers C$ 4-4.5 per share

Reuters2026/08/12 00:10

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Computer Modelling Group launched a substantial issuer bid to repurchase for cancellation up to C$20 million of common shares.
Offer expected to open Aug. 14, 2026, using a modified Dutch auction with a price range of C$4 to C$4.5 per share.
Expiry set for Sept. 21, 2026, unless extended, varied, or withdrawn.
Final purchase price to be set at expiry based on tenders, with proration if demand exceeds the available amount.
Directors or officers are not expected to tender shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Computer Modelling Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608112010PRIMZONEFULLFEED9808331) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CMG launches C$ 20 million modified Dutch auction share buyback, offers C$ 4-4.5 per share

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