07:58 AM EST, 03/08/2024 (MT Newswires) -- Softchoice Corporation ( SFTCF ) on Friday announced that the TSX has accepted its notice of intention to renew its normal course issuer bid.

Softchoice ( SFTCF ) may purchase up to 1.5 million of its shares, approximately 2.5% of its issued and outstanding shares, from March 13, and ending March 12 next year.

The company's prior NCIB will expire on March 12. Under this NCIB, as of February 29, Softchoice ( SFTCF ) purchased 423,409 shares at a weighted average price of $16.78 each, for a total consideration of $7.1 million.