The company’s decision follows a period of significant market growth, which saw its stock price climb to 12.58 Canadian dollars by Thursday’s market close. At this valuation, the total repurchase effort represents an investment of approximately 45.6 million Canadian dollars. The program, categorized as a normal course issuer bid, will officially commence on June 30, allowing the firm to systematically remove these shares from circulation over the coming twelve months.
Mattr Clears Regulatory Hurdle for 3.6 Million Share Buyback
With shares surging nearly 58% throughout 2026, Mattr has secured approval from the Toronto Stock Exchange to initiate a fresh buyback program. The materials technology firm plans to repurchase up to 10% of its outstanding stock, targeting 3.6 million shares for cancellation starting at the end of June.
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