08:46 AM EST, 11/18/2024 (MT Newswires) -- Element Fleet Management ( ELEEF ) on Monday said the Toronto Stock Exchange approved the renewal of its normal course issuer bid (NCIB) that allows the company it to buy back up to 10% of its public float.

The buyback will run from Nov. 20 and last up to one year.

Under its latest NCIB, that ended on Nov. 14, Element Fleet bought back 455,300 shares for $9.99 million, at a volume weighted average price of $21.95 each.