MONTREAL and SAN FRANCISCO, July 12, 2024 /CNW/ - Coveo Solutions Inc. ("Coveo" or the "Company") (TSX: CVO), the leading enterprise AI platform that brings AI search and generative AI (GenAI) to every point–of-experience, enabling remarkable personalized digital experiences, announced today that it has taken up and paid for 6,493,506 of its subordinate voting shares ("Shares") (including 45,343 multiple voting shares ("Multiple Voting Shares") on an as-converted basis) at a price of C$7.70 per Share under Coveo's substantial issuer bid (the "SIB") to purchase for cancellation a number of its Shares for an aggregate purchase price not to exceed C$50 million. Coveo further announced today that its board of directors has authorized the renewal of its normal course issuer bid (the "NCIB") to purchase for cancellation up to 2,690,573 Shares over the twelve–month period commencing on July 17, 2024 and ending no later than July 16, 2025, as well as the implementation of an automatic securities purchase plan in connection with the NCIB.
Read more at newswire.caCoveo Announces Completion of Substantial Issuer Bid and Renewal of Normal Course Issuer Bid and Automatic Securities Purchase Plan
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