ZTEST Electronics Inc. Announces Its Intention To Effect A Normal Course Issuer Bid
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) has announced plans to implement a Normal Course Issuer Bid (NCIB) through the Canadian Securities Exchange. The company intends to purchase up to 2,727,923 common shares, representing 10% of its public float, over a 12-month period from April 1, 2025, to March 31, 2026.
The share purchases will be made on the open market at prevailing market prices, funded by the company's cash reserves. ZTEST can purchase up to 2% of its outstanding shares over any 30-trading day period. All purchased shares will be cancelled. The company has appointed Integral Wealth Securities as its broker for NCIB transactions.
ZTEST believes its current market price undervalues its business potential and views the share buyback as a strategic move to enhance long-term shareholder value.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) ha annunciato piani per implementare un Normal Course Issuer Bid (NCIB) attraverso la Borsa canadese. L'azienda intende acquistare fino a 2.727.923 azioni ordinarie, che rappresentano il 10% del suo flottante pubblico, nel periodo di 12 mesi dal 1 aprile 2025 al 31 marzo 2026.
Gli acquisti di azioni saranno effettuati sul mercato aperto ai prezzi di mercato correnti, finanziati dalle riserve di cassa dell'azienda. ZTEST può acquistare fino al 2% delle sue azioni in circolazione in un periodo di 30 giorni di negoziazione. Tutte le azioni acquistate saranno annullate. L'azienda ha nominato Integral Wealth Securities come suo broker per le transazioni NCIB.
ZTEST crede che il suo attuale prezzo di mercato sottovaluti il potenziale della sua attività e considera il riacquisto delle azioni come una mossa strategica per migliorare il valore per gli azionisti a lungo termine.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) ha anunciado planes para implementar una Normal Course Issuer Bid (NCIB) a través de la Bolsa de Valores de Canadá. La empresa tiene la intención de comprar hasta 2,727,923 acciones ordinarias, que representan el 10% de su flotación pública, durante un período de 12 meses desde el 1 de abril de 2025 hasta el 31 de marzo de 2026.
Las compras de acciones se realizarán en el mercado abierto a los precios de mercado vigentes, financiadas por las reservas de efectivo de la empresa. ZTEST puede comprar hasta el 2% de sus acciones en circulación en cualquier período de 30 días de negociación. Todas las acciones compradas serán canceladas. La empresa ha designado a Integral Wealth Securities como su corredor para las transacciones de NCIB.
ZTEST cree que su precio de mercado actual subestima su potencial empresarial y ve la recompra de acciones como un movimiento estratégico para mejorar el valor a largo plazo para los accionistas.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF)는 캐나다 증권 거래소를 통해 정상 발행자 매입(NCIB)을 시행할 계획을 발표했습니다. 이 회사는 2025년 4월 1일부터 2026년 3월 31일까지 12개월 동안 공공 유통의 10%에 해당하는 2,727,923주의 보통주를 매입할 예정입니다.
주식 매입은 현재 시장 가격으로 공개 시장에서 이루어지며, 회사의 현금 보유금으로 자금을 조달합니다. ZTEST는 30 거래일 기간 동안 최대 2%의 발행 주식을 매입할 수 있습니다. 매입된 모든 주식은 취소됩니다. 회사는 NCIB 거래를 위해 Integral Wealth Securities를 중개인으로 지정했습니다.
ZTEST는 현재 시장 가격이 회사의 비즈니스 잠재력을 과소평가하고 있다고 믿으며, 주식 매입을 장기적인 주주 가치를 향상시키기 위한 전략적 조치로 보고 있습니다.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) a annoncé des plans pour mettre en œuvre une Normal Course Issuer Bid (NCIB) par l'intermédiaire de la Bourse canadienne. L'entreprise prévoit d'acheter jusqu'à 2 727 923 actions ordinaires, représentant 10 % de son flottant public, sur une période de 12 mois du 1er avril 2025 au 31 mars 2026.
Les achats d'actions seront effectués sur le marché ouvert aux prix du marché en vigueur, financés par les réserves de trésorerie de l'entreprise. ZTEST peut acheter jusqu'à 2 % de ses actions en circulation sur une période de 30 jours de négociation. Toutes les actions achetées seront annulées. L'entreprise a désigné Integral Wealth Securities comme son courtier pour les transactions NCIB.
ZTEST estime que son prix de marché actuel sous-estime le potentiel de son activité et considère le rachat d'actions comme un mouvement stratégique pour accroître la valeur des actionnaires à long terme.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) hat Pläne angekündigt, ein Normal Course Issuer Bid (NCIB) über die kanadische Wertpapierbörse durchzuführen. Das Unternehmen beabsichtigt, bis zu 2.727.923 Stammaktien zu kaufen, was 10% seines öffentlichen Bestands entspricht, über einen Zeitraum von 12 Monaten vom 1. April 2025 bis zum 31. März 2026.
Die Aktienkäufe werden auf dem offenen Markt zu den aktuellen Marktpreisen erfolgen und durch die Barmittelreserven des Unternehmens finanziert. ZTEST kann bis zu 2% seiner ausstehenden Aktien über einen Zeitraum von 30 Handelstagen kaufen. Alle gekauften Aktien werden annulliert. Das Unternehmen hat Integral Wealth Securities als Broker für die NCIB-Transaktionen ernannt.
ZTEST ist der Ansicht, dass der aktuelle Marktpreis das Geschäftspotenzial des Unternehmens unterbewertet und sieht den Aktienrückkauf als strategischen Schritt zur Steigerung des langfristigen Shareholder-Werts.
- Implementation of share buyback program indicates strong cash position
- 10% reduction in public float could increase share value
- Flexibility to suspend purchases provides financial prudence
- Management's confidence in company's undervaluation
- Cash reserves will be reduced due to share purchases
- No guarantee of share price appreciation despite buyback
- Reduced market float could decrease trading liquidity
NORTH YORK, ON / ACCESS Newswire / March 27, 2025 / 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 2,727,923 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.
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
FAQ
How many shares will ZTEST Electronics (ZTSTF) buy back under its NCIB program?
When does ZTEST Electronics' (ZTSTF) share buyback program begin and end?
What is the maximum amount of shares ZTSTF can purchase in a 30-day trading period?
How will ZTEST Electronics fund the NCIB share buyback program?
Which broker will execute ZTEST Electronics' (ZTSTF) share buyback transactions?
