-- Clarke (CKI.TO) after trade Thursday said it completed its normal course issuer bid (NCIB), initially announced on Aug. 7, repurchasing and cancelling 682,542 shares at an average price of C$21.75.
"The company believes that the NCIB was a prudent use of its financial resources and reflects its confidence in the long-term value of the business and provides shareholders with enhanced optionality and liquidity for their Clarke shares," it said.
Following the NCIB's expiry on Aug. 11, 2026, Clarke plans to renew the share buyback with the Toronto Stock Exchange for another 12 months, the company added.
The company's shares closed up $0.60 to $25.07 on the Toronto Stock Exchange.