09:00 AM EDT, 06/27/2024 (MT Newswires) -- Andlauer Healthcare Group ( ANDHF ) said Thursday that it secured TSX approval for a normal course issuer bid (NCIB) for up to 10% of its public float over the next 12 months.

The company said it can purchase its shares for cancellation beginning on July 2 and until July 1, 2025.

Andlauer said the NCIB would be in the best interests of shareholders at times when its shares may be undervalued.

The company's share price dropped 1.1% on the TSX yesterday to $38.09.