Stock BuybacksBy The Online Investor Staff, updated Fri., Sep. 18, 9:55 AM
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Slide #20. Points International Ltd.
Points International Ltd. (TSE:PTS.CA)
Share Amount Authorized:
Points International Ltd. (TSX: PTS) (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 661,370 of its common shares (the "Repurchase"), representing approximately 5% of its 13,227,407 common shares issued and outstanding as of August 31, 2020. Points has entered into an automatic share purchase plan with a broker in order to facilitate the Repurchase.
Points International provides ecommerce and technology services to loyalty program operators using a common infrastructure. The ecommerce services provided include the retailing and wholesaling of loyalty program currencies, ecommerce products that enhance either the loyalty program's consumer offering or its back-end operations, and management of an online consumer-focused loyalty points management web-portal.
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