The Real Brokerage Renews Share Buyback Of ~5% Of Total Issued Outstanding Shares; Set To Commence On May 29, 2024, Immediately Following The Expiration Of The Current NCIB On May 28, 2024
Portfolio Pulse from Benzinga Newsdesk
The Real Brokerage Inc. (REAX) announced the renewal of its normal course issuer bid (NCIB), allowing the repurchase of up to 5% of its outstanding shares, commencing May 29, 2024, for a twelve-month period. This follows the expiration of the current NCIB on May 28, 2024.

May 14, 2024 | 8:54 pm
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The Real Brokerage Inc. is set to renew its share buyback program, aiming to repurchase approximately 5% of its total issued and outstanding shares over a twelve-month period starting May 29, 2024.
Share buyback programs are generally viewed positively by the market as they can increase shareholder value by reducing the number of shares outstanding, potentially leading to a higher earnings per share (EPS) and stock price. Given that The Real Brokerage is renewing its NCIB to repurchase a significant portion of its shares, this could signal confidence from management in the company's financial health and future prospects. However, the actual impact on the stock price will depend on market conditions and the execution of the buyback.
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IMPORTANCE 80
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