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Docebo Increases Price and Extends Substantial Issuer Bid

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Docebo (DCBO.TO, DCBO) amended its substantial issuer bid under which the company has offered to buy back from its shareholders for cancellation up to $70 million of its outstanding common shares, it said in a statement on Friday.

The company amended to increase the price to $25.00 per common share and extended the expiry date of the offer to 5:00 p.m. (Eastern time) on Sept. 8, unless further extended, varied or withdrawn by Docebo. Maximum number of common shares that may be purchased pursuant to the offer has also been decreased to 2.8-million common shares.

Shares of the company closed up 0.9% to C$32.41 on the Toronto Stock Exchange.

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