08:00 AM EST, 01/13/2025 (MT Newswires) -- Black Diamond Group ( BDIMF ) , a specialty rentals and industrial services company, on Monday said it signed an automatic share purchase plan (ASPP) with its broker related to its previously announced normal course issuer bid (NCIB) to buy up to 4.5 million common shares.

The ASPP will terminate at the earliest date on which the maximum annual purchase limit under the NCIB has been reached, the NCIB expires, or the company or its broker cancels the ASPP in accordance with its terms.

The company added that common shares may be bought under the NCIB outside of pre-determined blackout periods, based on the company's discretion, in compliance with TSX rules and applicable securities laws. Since the beginning of the NCIB, the company has bought 252,100 common shares at a weighted average price of $8.23 for $2 million.

Shares of the company closed down $0.05 to $9.15 on Friday on the Toronto Stock Exchange.