09:16 AM EDT, 03/24/2025 (MT Newswires) -- McCoy Global ( MCCRF ) , which rose 3.1% last Friday, on Monday said it established an automatic share purchase plan (ASPP) with its broker to facilitate buybacks of common shares under its previously announced Normal Course Issuer Bid (NCIB) of up to 1.6 million common shares.

"Our share repurchase program is an important component of McCoy's capital allocation strategy," said McCoy Chief Executive Jim Rakievich. "We remain confident in the ongoing success of our technology roadmap and the strong market penetration of our new smart technologies in 2025 and beyond."

All purchases of common shares made under the ASPP will be included in determining the number of common shares purchased under the NCIB. The ASPP will be effective on March 27, and will cancel on the earliest of the date on which the maximum purchase limits under the NCIB are reached; Aug. 21; or the company cancels the ASPP in accordance with its terms.

As of March 24, there were 1.2 million common shares available for buyback under the NCIB.