09:19 AM EST, 12/19/2024 (MT Newswires) -- illumin Holdings Inc. ( ILLMF ) on Thursday announced that it has received approval from the Toronto Stock Exchange to proceed with a normal course issuer bid.

Under the NCIB, the company may purchase for cancellation up to 3,914,167 common shares of the company. As at December 10, 2024, illumin had 50,954,061 shares issued and outstanding. As such, the maximum number of shares that may be purchased under the NCIB represents approximately 10% of illumin's public float as at December 10, 2024, being 3,914,167 shares.

In connection with the NCIB, illumin has entered into an automatic share purchase plan.