Flow Capital Corp. intends to repurchase for cancellation up to 6 million common shares, representing about 7.72% of the company's issued and outstanding common shares, through a normal course issuer bid.
The repurchases will end either when the company buys back the full amount of shares; when it terminates the normal course issuer bid; or on Dec. 23, 2020, whichever is earlier. The normal course issuer bid remains subject to the TSX Venture Exchange's final approval.
Haywood Securities Inc. is the broker for the normal course issuer bid.