11:46 AM EDT, 06/17/2024 (MT Newswires) -- Ackroo ( AKRFF ) on Monday said it is seeking exchange approval to repurchase and cancel up to 5.770 million shares over the next year in a renewed normal-course issuer bid.

The payments-systems company said the allowed amount represents 5% of its outstanding shares.

The company expects to renewed NCIB to take effect on Monday and run for 12 months.

Ackroo ( AKRFF ) shares were last seen down $0.005 to $0.105 on the TSX Venture Exchange.

Price: 0.11, Change: -0.01, Percent Change: -4.55