Sunday, June 1, 2025

Latest

Kontrol Technologies Launches Share Buyback Program

Kontrol Technologies (CSE: KNR) last night announced that it intends to conduct a normal course issuer bid, also known as share buybacks. The program will see the company repurchase up to 2.1 million shares of its common stock, or roughly 5% of its currently outstanding shares.

With 41.2 million shares currently outstanding, the company is limited to purchasing up to 69,500 common shares per day under the share buyback program. This figure amounts to 25% of the average trading volume of the equity over the last 12 months.

Purchases under the program are eligible to begin today, and end on the earlier of March 25, 2022, or the date on which the full amount approved for repurchase is fulfilled. The program is being pursued due to the firms board of directors effectively viewing the company as undervalued.

Historically, the company was previously approved for a share buyback program that ended in July 2020. While approved for the repurchase of 1.5 million shares under that program, over the course of the full year the company repurchased just 30,500 shares.

Kontrol Technologies last traded at $2.96 on the CSE.


Information for this briefing was found via Sedar and Kontrol Energy Systems. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Aya Gold & Silver Q1 Earnings: From Kitchen Sink to Record Results

Wesdome Gold Q1 Earnings: Cash Flow Is King!

Solaris Resources: The Royal Gold Financing Package

Recommended

Brazil Potash Completes Site Prep For Port Terminal

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Related News

Kontrol Technologies Receives $9.7 Million HVAC Contract Under New Subsidiary

Kontrol Technologies (NEO: KNR) this morning indicated it has secured a major contract through its...

Wednesday, March 9, 2022, 09:07:17 AM

Kontrol Energy Announces It Has The Intent Of Applying To List On The TSX

Kontrol Energy Corp (CSE: KNR) this morning announced that it has “authorized management to review...

Wednesday, December 16, 2020, 08:34:54 AM

Kontrol Tech Investigating Potential BioCloud Patent Infringement

Kontrol Technologies (NEO: KNR) is reportedly investigating a potential patent infringement on its BioCloud technology....

Wednesday, July 12, 2023, 09:20:50 AM

Kontrol Tech Closes $8.5 Million Financing With US-Based Investors

Kontrol Technologies (NEO: KNR) this morning indicated that it has closed its previously announced private...

Wednesday, June 2, 2021, 08:17:33 AM

Kontrol Technologies Posts Q1 Revenues Of $26.6 Million

Kontrol Technologies (NEO: KNR) has seen a slight revenue decline on a quarter over quarter...

Monday, May 16, 2022, 08:54:03 AM