09:58 AM EDT, 04/09/2025 (MT Newswires) -- BMTC Group (GBT.TO) on Wednesday said it received stock market approval to buy back up to 5% of its outstanding shares.

The buyback, which will begin on April 15 and run for up to a year, allows the company to purchase for cancellation up to 1.6 million of its outstanding common shares.

The company's current normal course issuer bid ends April 14. Up to April 1, BMTC had bought for cancellation 255,150 common shares at a weighted average price of $13.43 per share. The company had approval to buy back up to 1.6 million shares.

Shares of the company were last seen down 0.5% at $11.69 on TSX.

Price: 11.29, Change: -0.40, Percent Change: -3.42