Pivotree Inc. (TSXV:PVT), a provider of digital commerce solutions, has received approval from the TSX Venture Exchange (TSXV) for a new normal course issuer bid (NCIB). This allows the company to buy back up to 2,030,724 of its common shares, representing 10% of publicly held shares.
The NCIB will begin on September 3, 2025, and will continue until the earlier of the company repurchasing the maximum number of shares, the company terminating the bid, or September 2, 2026. Pivotree is restricted to purchasing no more than 2% of its outstanding shares in any 30-day period.
This is not Pivotree’s first NCIB. A previous program concluded on August 7, 2025. During that program, the company repurchased a significant number of shares.
Pivotree’s management believes the current market price does not accurately reflect the company’s intrinsic value and future growth potential. Therefore, they believe repurchasing shares is a sound use of company funds and will benefit shareholders. The funds for share repurchases will come from the company’s operating capital.
National Bank Financial Inc. will act as the broker for the NCIB. Share purchases will occur through the TSXV, at the prevailing market price, plus any applicable brokerage fees. All repurchased shares will be canceled.
Currently, no directors, officers, insiders, or their associates have plans to sell shares to the company during the NCIB.
Pivotree provides digital commerce, data management, and supply chain solutions to over 150 major retailers and brands worldwide. The company offers a range of digital products and managed services, providing comprehensive solutions for businesses of all sizes. Pivotree is headquartered in Toronto, with offices and clients across the Americas, EMEA, and APAC regions.
The TSXV does not endorse the accuracy or completeness of this announcement. Further inquiries can be directed to Pivotree’s chief financial officer, Mo Ashoor.
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