Mongolia Growth Group Announces Renewal of Normal Course Issuer Bid
Mongolia Growth Group (TSXV:YAK) has announced the renewal of its Normal Course Issuer Bid (NCIB) program, allowing the company to repurchase up to 1,700,000 common shares, representing approximately 6.64% of current issued shares and 9.92% of the public float. The program will run from April 1, 2025, to March 31, 2026.
Under the previous NCIB program from April 2024 to March 2025, the company purchased 510,000 shares at an average price of $1.37. The new buyback will be conducted through Research Capital on the TSX Venture Exchange, with purchased shares designated for cancellation. The company may consider selling investment properties to finance the share purchases.
Monthly purchases will be to 2% of outstanding shares. The board believes the market price may not fully reflect the company's underlying value and growth prospects, making share repurchases an appropriate use of funds.
Mongolia Growth Group (TSXV:YAK) ha annunciato il rinnovo del suo programma di Offerta Pubblica di Acquisto Normale (NCIB), che consente all'azienda di riacquistare fino a 1.700.000 azioni ordinarie, che rappresentano circa il 6,64% delle azioni attualmente emesse e il 9,92% del flottante pubblico. Il programma sarà attivo dal 1 aprile 2025 al 31 marzo 2026.
Sotto il precedente programma NCIB, da aprile 2024 a marzo 2025, l'azienda ha acquistato 510.000 azioni a un prezzo medio di $1,37. Il nuovo riacquisto sarà effettuato tramite Research Capital sulla Borsa di Toronto Venture, con le azioni acquistate destinate alla cancellazione. L'azienda potrebbe considerare di vendere proprietà immobiliari per finanziare gli acquisti di azioni.
Gli acquisti mensili saranno fino al 2% delle azioni in circolazione. Il consiglio di amministrazione ritiene che il prezzo di mercato potrebbe non riflettere appieno il valore intrinseco e le prospettive di crescita dell'azienda, rendendo i riacquisti di azioni un uso appropriato dei fondi.
Mongolia Growth Group (TSXV:YAK) ha anunciado la renovación de su programa de Oferta Pública Normal de Adquisición (NCIB), que permite a la empresa recomprar hasta 1,700,000 acciones comunes, lo que representa aproximadamente el 6.64% de las acciones emitidas actualmente y el 9.92% del flotante público. El programa estará vigente desde el 1 de abril de 2025 hasta el 31 de marzo de 2026.
Bajo el anterior programa NCIB, de abril de 2024 a marzo de 2025, la empresa compró 510,000 acciones a un precio promedio de $1.37. La nueva recompra se llevará a cabo a través de Research Capital en la Bolsa de Valores de Toronto Venture, con las acciones compradas destinadas a la cancelación. La empresa podría considerar vender propiedades de inversión para financiar las compras de acciones.
Las compras mensuales serán de hasta el 2% de las acciones en circulación. La junta directiva cree que el precio de mercado puede no reflejar completamente el valor subyacente y las perspectivas de crecimiento de la empresa, lo que hace que las recompras de acciones sean un uso apropiado de los fondos.
몽골 성장 그룹 (TSXV:YAK)은 정상적인 발행자 입찰(NCIB) 프로그램의 갱신을 발표하며, 회사가 최대 1,700,000주의 보통주를 재매입할 수 있도록 허용합니다. 이는 현재 발행된 주식의 약 6.64% 및 공공 유통주식의 9.92%에 해당합니다. 이 프로그램은 2025년 4월 1일부터 2026년 3월 31일까지 진행됩니다.
2024년 4월부터 2025년 3월까지의 이전 NCIB 프로그램 하에서, 회사는 평균 가격 $1.37로 510,000주를 매입했습니다. 새로운 재매입은 TSX 벤처 거래소의 Research Capital을 통해 진행되며, 매입된 주식은 취소될 예정입니다. 회사는 주식 구매를 위해 투자 부동산을 판매할 가능성도 고려할 수 있습니다.
월별 구매는 발행 주식의 최대 2%에 해당합니다. 이사회는 시장 가격이 회사의 기본 가치와 성장 전망을 완전히 반영하지 않을 수 있다고 보고 있으며, 주식 재매입이 자금 사용의 적절한 방법이라고 판단하고 있습니다.
Mongolia Growth Group (TSXV:YAK) a annoncé le renouvellement de son programme d'Offre Publique de Rachat Normal (NCIB), permettant à l'entreprise de racheter jusqu'à 1 700 000 actions ordinaires, représentant environ 6,64 % des actions actuellement émises et 9,92 % du flottant public. Le programme sera en vigueur du 1er avril 2025 au 31 mars 2026.
Dans le cadre du précédent programme NCIB, d'avril 2024 à mars 2025, l'entreprise a racheté 510 000 actions à un prix moyen de 1,37 $. Le nouveau rachat sera effectué par l'intermédiaire de Research Capital sur la Bourse de Toronto Venture, les actions achetées étant destinées à être annulées. L'entreprise pourrait envisager de vendre des biens d'investissement pour financer les achats d'actions.
Les achats mensuels seront limités à 2 % des actions en circulation. Le conseil d'administration estime que le prix du marché ne reflète peut-être pas pleinement la valeur sous-jacente et les perspectives de croissance de l'entreprise, ce qui rend les rachats d'actions un usage approprié des fonds.
Mongolia Growth Group (TSXV:YAK) hat die Erneuerung seines Normal Course Issuer Bid (NCIB) Programms angekündigt, das es dem Unternehmen ermöglicht, bis zu 1.700.000 Stammaktien zurückzukaufen, was etwa 6,64% der derzeit ausgegebenen Aktien und 9,92% des öffentlichen Streubesitzes entspricht. Das Programm läuft vom 1. April 2025 bis zum 31. März 2026.
Im Rahmen des vorherigen NCIB-Programms von April 2024 bis März 2025 kaufte das Unternehmen 510.000 Aktien zu einem Durchschnittspreis von 1,37 $. Der neue Rückkauf wird über Research Capital an der TSX Venture Exchange durchgeführt, wobei die gekauften Aktien zur Streichung vorgesehen sind. Das Unternehmen könnte in Betracht ziehen, Investitionsimmobilien zu verkaufen, um die Aktienkäufe zu finanzieren.
Monatliche Käufe werden bis zu 2% der ausstehenden Aktien betragen. Der Vorstand glaubt, dass der Marktpreis möglicherweise nicht den zugrunde liegenden Wert und die Wachstumsaussichten des Unternehmens vollständig widerspiegelt, was die Rückkäufe von Aktien zu einer angemessenen Verwendung von Mitteln macht.
- Board's confidence in company's underlying value through share buyback program
- Significant buyback capacity of 1.7 million shares (6.64% of outstanding shares)
- Demonstrated execution of previous buyback with 510,000 shares purchased
- Potential sale of investment properties required to finance share buybacks
- Monthly purchase restrictions limit buyback flexibility
TORONTO, ON / ACCESS Newswire / March 31, 2025 / Mongolia Growth Group Ltd. (the "Company") (TSX V:YAK), announced today that TSX Venture Exchange (the "Exchange") has accepted a Notice of Intention to renew its normal course issuer bid to purchase outstanding common shares of the Company on the open market in accordance with the policies of the TSXV.
Pursuant to the NCIB, (the "Bid") the Company may acquire up to 1,700,000 common shares (representing up to approximately
The Company is undertaking the Bid because, in the opinion of its board of directors, the market price of its common shares, from time to time, may not fully reflect the underlying value of its operations and future growth prospects. The Company believes that in such circumstances, the purchase of the common shares of the Company may represent an appropriate and desirable use of the Company's funds and further enhance market stability.
The Company may, subject to market conditions, sell one or more of its investment properties to finance purchases under the Bid from time to time.
From April 1, 2024 to March 31, 2025, the Company purchased 510,000 of its shares at an average price of
The Company has retained Research Capital Corporation of Toronto, Ontario as its broker Member for the purposes of conducting the bid. The Bid will commence on or about April 1, 2025 and the Bid will end no later than March 31, 2026. The common shares will be purchased for cancellation on the open market through the facilities of the Exchange, at market price. This transaction is subject to the TSX Venture Exchange approval.
For further information please contact:
Genevieve Walkden, Corporate Secretary
877-644-1186
GWalkden@MongoliaGrowthGroup.com
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market and business conditions, the regulatory process and actions, regulator and corporate approvals, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. We seek safe harbour.
The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Press release.
SOURCE: Mongolia Growth Group Ltd.
View the original press release on ACCESS Newswire
FAQ
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