ZTEST Electronics Inc. Announces Its Intention to Effect a Normal Course Issuer Bid
Rhea-AI Summary
ZTEST Electronics (CSE:ZTE / OTC:ZTSTF) intends to commence a normal course issuer bid to buy up to 3,129,311 common shares (about 10% of the public float) between April 24, 2026 and April 23, 2027.
Purchases will be made on the CSE at market price, funded with cash on hand, subject to a 2% limit over any 30-trading-day period; repurchased shares will be cancelled. Integral Wealth Securities Ltd. is appointed broker. The company previously repurchased 428,500 shares at an average of $0.227.
Positive
- NCIB up to 3,129,311 shares (~10% public float)
- Repurchased 428,500 shares at an average of $0.227
- Purchases to be funded with cash on hand
Negative
- Use of cash reduces liquid reserves available for other needs
- No obligation to purchase — timing and amount uncertain
News Market Reaction – ZTSTF
On the day this news was published, ZTSTF gained 21.95%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NORTH YORK, ON / ACCESS Newswire / April 22, 2026 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTC PINK:ZTSTF), is pleased to announce that it intends to effect a normal course issuer bid (the "NCIB") through the facilities of the Canadian Securities Exchange (the "CSE").
Pursuant to the NCIB, the Company may purchase up to 3,129,311 common shares, representing approximately
The Company will fund the purchases of common shares under the NCIB with cash on hand. The exact timing and amount of any purchases of common shares made pursuant to the NCIB will depend on market conditions and other factors. The Company is not obligated to acquire any common shares and may suspend or discontinue purchases under the NCIB at any time. Any common shares purchased by the Company under the NCIB will be cancelled upon their purchase.
Under the NCIB, the Company may purchase up to such number of common shares equal to
The Company intends to commence the NCIB as it believes that the market price of its common shares does not fully reflect the value of its business and prospects. As such it believes that purchasing its own common shares for cancellation is an appropriate strategy for increasing long-term shareholder value and represents an appropriate use of the Company's financial resources.
The Company has appointed Integral Wealth Securities Ltd. as its broker to conduct the NCIB transactions on its behalf.
The Company repurchased for cancellation 428,500 common shares at an average price of approximately
About ZTEST Electronics Inc.
ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.
For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).
SOURCE: ZTEST Electronics Inc.
View the original press release on ACCESS Newswire