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FINWIRES

Boyd Group Services Gets TSX Approval for Normal Course Issuer Bid

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Boyd Group Services (BYD.TO, BGSI) received approval from the Toronto Stock Exchange for its notice of intention to conduct a normal course issuer bid, it said Friday.

The NCIB will allow the company to purchase for cancellation up to a maximum of around 2.8 million shares, or approximately 10.0% of its public float, said the company.

The buyback will begin on Sept. 16 and run for 12 months, it said.

The company has not purchased any shares during the previous 12 months, it added.

US-listed shares of the company were last seen down 0.17% at $81.63 in pre-market trading.

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