06:51 AM EDT, 04/11/2024 (MT Newswires) -- Westshore Terminals Investment ( WTSHF ) overnight Wednesday said it secured the Toronto Stock Exchange's approval for a share buyback

Under the normal course issuer bid, Westshore will buy and cancel up to 10% of the public float or as many as 3.3 million common shares. The buyback period will begin next week and be completed no later than April 14, 2025, Westshore said.

As of April 2, the company had about 62.5 million outstanding common shares, of which roughly 33.1 million represented the public float.

Scotia Capital will make the periodic share purchases on behalf of Westshore.

Westshore shares closed down 0.3% at $25.29 yesterday in Canada.