Points International Ltd. Buyback
OLI recorded this information on 8/12/2019
Points International Ltd.
Share Amount Authorized:
Points International Ltd. (TSX:PTS.CA) (NASDAQ:PCOM) (Points or the Company), the global leader in powering loyalty commerce, announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to repurchase up to 679,034 of its common shares (the "Repurchase"), representing approximately 5% of its 13,580,692 common shares issued and outstanding as of July 31, 2019. Points has entered into an automatic share purchase plan with a broker in order to facilitate the Repurchase.
Points International is engaged in providing loyalty e-commerce and technology solutions to the loyalty industry, connecting loyalty programs, third party brands and end consumers across a global transaction platform. Main to Co.'s operations is the Loyalty Commerce Platform (LCP), an open, Application Program Interface based transaction processing platform that Co. utilizes for various aspects of the business. The primary functions of the LCP include direct, real time, integrations into partners' loyalty program data bases that allow for customer validation and information sharing as well as debit and/or credit of loyalty program currency.
Open the PCOM Page at The Online Investor »
Free PCOM Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Sell (1.33 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite