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Kinaxis has received Toronto Stock Exchange approval to repurchase up to 2.7 million common shares for cancellation, an amount equivalent to about 10% of its public float. The company can begin buying shares on Nov. 13 under the planned normal course issuer bid.
The supply chain management software company said Wednesday that the buyback is intended to take place over the next year.
Kinaxis shares have risen nearly 25% in 2026, closing Tuesday at C$215.63, or US$151.95. At that closing price, the shares covered by the plan would be worth about C$581.8 million.
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