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IMAX details Q1 share repurchase activity
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IMAX Corp.repurchased 1,627,645 shares in the first quarter of 2016.
The company said April 4 that the shares include 181,227shares purchased in connection with the company's long-term incentive plan.IMAX purchased the shares at an average price of $30.98 for a total value of$50.4 million.
To date, the company has repurchased $81.9 million under its$150 million repurchase program, which was announced in 2014.