08:43 AM EDT, 07/15/2025 (MT Newswires) -- Coveo Solutions ( CVOSF ) on Tuesday said its board authorized and the Toronto Stock Exchange approved the renewal of its normal course issuer bid.

The NCIB will allow the company to purchase for cancellation up to about 5.42 million subordinate voting shares, approximately 10% of the public float of the shares as at July 4.

The buyback will begin on July 17 and will end no later than July 16, 2026.

Under the current normal course issuer bid, which expires on July 16, the company purchased approximately 2.69 million shares at a weighted average price of $6.43 apiece. Coveo had received the approval of the TSX to purchase the same number of shares under that NCIB.

The company also said that it renewed its automatic share purchase plan with a designated broker to allow for the purchase of its shares under the NCIB.