Converge Announces Renewal of Normal Course Issuer Bid
TORONTO, Aug. 9, 2024 /PRNewswire/ – Converge Technology Solutions Corp. (“Converge” or the “Company“) (TSX:CTS) (FSE: 0ZB) (OTCQX: CTSDF) announces 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 18,408,927 common shares (the “Common Shares“) representing approximately 10% of Converge’s public float of Common Shares as at July 31, 2024. The NCIB will commence on August 13, 2024 and terminate on August 12, 2025, 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.