SVCTF gains approval to repurchase up to 4.14% of its outstanding shares over the next year amid low trading volumes.
Senvest Capital received Toronto Stock Exchange approval to buy back up to 100,000 common shares, equivalent to 4.14% of its outstanding stock. The normal course issuer bid (NCIB) permits purchases starting August 27, 2026, and expires August 26, 2027.
The company noted historically low trading volumes could limit actual repurchases, potentially falling well below the 100,000-share target. Senvest’s current outstanding shares stand at approximately 2.42 million.
No immediate market reaction was disclosed following the announcement.