08:39 AM EST, 01/27/2025 (MT Newswires) -- Haivision Systems ( HAIVF ) , a global provider of mission critical, real-time video networking and visual collaboration solutions, on Monday said it received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB).

The company may buy for cancellation up to 1.9 million shares, representing 10% of outstanding shares, under the renewed NCIB. As at Jan. 15, Haivision ( HAIVF ) had 28.2 million shares outstanding.

The company is entitled to buy, on any trading date, up to 8,486 shares and to make block purchases of its shares which exceed such daily limits no more frequently than once per calendar week.

The company also entered into an automatic share purchase plan (ASPP) with its designated broker to allow for the purchase of shares under the NCIB when Haivision ( HAIVF ) normally would not be active in the market due to internal trading black-out periods.

The renewal of the NCIB follows on the conclusion of Haivision's ( HAIVF ) NCIB that expired on Jan. 21. The company added that from Jan. 22, 2024 to Jan. 15, it bought 843,000 shares through the facilities of the TSX at a weighted average price of $4.37 per share.

Shares of the company closed up $0.090 or 2%, to $4.99 on Friday on the TSX.