Stock Buybacks
By The Online Investor Staff, updated Thu., Aug. 18, 6:18 AM
| This Slide: #23 of 25 |
Slide #23. Converge Technology Solutions Corp.
Company:
Converge Technology Solutions Corp. (TSE:CTS.CA)
Share Amount Authorized:
10,744,818
Buyback Details:
Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE:0ZB) (OTCQX:CTSDF) announces further to its press release dated July 27, 2022, that the Toronto Stock Exchange (the "TSX"), has approved the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, Converge may purchase for cancellation up to an aggregate of 10,744,818 common shares (the "Common Shares") representing 5% of the issued and outstanding Common Shares as at July 31, 2022. The NCIB will commence on August 11, 2022 and terminate one year after its commencement, or earlier if the maximum number of Common Shares under the NCIB have been purchased or the NCIB is terminated at the option of the Company.
Converge Technology Solutions is a Canada-based company that provides information technology (IT) solutions. Co. generates revenue from distributing storage devices and systems as well as computer products and peripherals. Co. also provides value-added services such as design, integration, installation, maintenance, analytics, hybrid cloud, infrastructure, cybersecurity solutions, and other consulting services, consolidated with a variety of storage and computer hardware and software products. 
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