08:42 AM EDT, 03/16/2026 (MT Newswires) -- Altus Group ( ASGTF ) announced Monday the start of a substantial issuer bid that will see it offer to buy back for cancellation up to $200 million of its common shares.

The company said the SIB will expire on April 21, unless extended, varied or withdrawn.

Altus intends to fund the SIB with cash on hand. It said the price range offered for the shares pursuant to the SIB represents a 3.45% discount to 19.54% premium to the closing price of the shares on the Toronto Stock Exchange (TSX) on March 13, being the last trading day before the SIB was announced.

Over the 12-month period ended March 13, the closing prices of the shares on the TSX have ranged from a low of $36.97 to a high of $63.07. As of the close of business on March 13, the company had 39.7-million shares issued and outstanding.

Shares of the company closed up 0.6% to $43.5 on Friday on the TSX.