Triterras Authorizes $50 Million Share Repurchase Program and Provides Update on Recent Events Triterras Fintech Pte Ltd.
SINGAPORE, Jan. 18, 2021 (GLOBE NEWSWIRE)
Triterras Inc. (Nasdaq: TRIT, TRITW), a leading fintech company for trade and trade finance, has authorized a share repurchase program of up to $50 million and provided updates on other recent events.
$50 Million Share Repurchase Program
Triterras’ recent share price has created an attractive opportunity for the company to institute a stock repurchase program. The Board of Directors has approved a share repurchase of up to $50 million of the Company’s common stock in open market or privately negotiated transactions, which may or may not be conducted through 10b5-1 plans.