Ackroo Announces Completion of 2023 Normal Course Issuer Bid
December 07 2023 - 8:00AM
Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the
“
Company”), a loyalty marketing, payments and
point-of-sale technology and services provider, is pleased to
announce the successful Company of it’s 2023 Normal Course Issuer
Bid (“
NCIB”) that commenced on June 16th, 2023.
The Company has completed buying and cancelling all 6,068,681
shares available through the NCIB paying an average of $0.08692 per
share for a total of $527,469 invested. The Company also paid
Canaccord Genuity Corp. $11,150 in fees to carry out the NCIB. The
outcome from the NCIB has the total share count of Ackroo reduced
by the fully 5% allowed to 115,304,952 shares as of the date of
this release.
The Company is very satisfied with the average
price paid per share and will look to renew the NCIB in June of
2024 when available again via the TSX Venture Exchange.
Share buy backs are an important aspect of how
the Company plans to provide returns to shareholders. As the
Company’s financial position evolves in connection with the then
share price will dictate’s the Company’s plans as it relates to
future NCIB purchases.
A copy of the Company's notice with respect to
the NCIB filed with the TSX Venture Exchange may be obtained, by
any shareholder without charge, by contacting Steve Levely, Chief
Executive Officer, by email at slevely@ackroo.com.
About Ackroo
Through vendor and industry consolidation,
Ackroo provides marketing, payment and point-of-sale solutions for
merchants of all sizes. Ackroo’s self-serve, data driven,
cloud-based marketing platform helps merchants in-store and online
process and manage loyalty, gift card and promotional transactions
at the point of sale. Ackroo’s payment services provide merchants
with low-cost payment processing options through some of the
world’s largest payment technology and service providers. Ackroo’s
hybrid management and point-of-sale solutions help manage and
optimize the general operations for niche industry’s including used
automotive dealers. All solutions are focused on helping to
consolidate, simplify and improve the merchant marketing, payments
and point-of sale ecosystem for their clients. Ackroo is
headquartered in Hamilton, Ontario, Canada. For more information,
visit: www.ackroo.com.
For further information, please contact:
Steve LevelyChief Executive Officer | AckrooTel:
416-360-5619 x730Email: slevely@ackroo.com |
|
The TSX Venture Exchange has neither approved
nor disapproved the contents of this press release. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking StatementsThis
release contains forecasts and forward-looking statements that are
not guarantees of future performance and activities and are subject
to risks and uncertainties. The Company has based these
forward-looking statements on assumptions and assessments made by
its management in light of their experience and their perception of
historical trends, current conditions, expected future developments
and other factors they believe to be appropriate. Important factors
that could cause actual results, developments and business
decisions to differ materially from those anticipated in these
forward-looking statements include, but are not limited to: the
Company’s ability to raise enough capital to support the Company’s
go forward plans; the overall global economic environment; the
impact of competition and new technologies; general market,
political and economic conditions in the countries in which the
Company operates; projected capital expenditures and liquidity;
changes in the Company’s strategy; government regulations and
approvals; changes in customers’ budgeting priorities; plus other
factors that may arise. Any forward-looking statements in this
press release are made as of the date hereof, and the Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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