Swiss Water receives TSX approval for share buyback program

Swiss Water Decaffeinated Coffee Inc. (TSX:SWP) has secured approval from the Toronto Stock Exchange (TSX) to implement a share buyback program, which will allow the company to repurchase up to approximately 650,000 common shares. This represents 9.7% of Swiss Water's public float as of August 7, 2026. The buyback program is set to commence on August 20, 2026, and will run for a period of one year, concluding on August 19, 2027.

The company's average daily trading volume for the six months ended July 31, 2026, was 3,657 common shares, with a daily purchase limit during the program restricted to 1,000 common shares, representing 25% of its average daily trading volume. Swiss Water believes that the market price of its common shares may not fully reflect the underlying value of the business and future prospects, and the company has sufficient cash flow and financial resources to fund the purchases without compromising its ability to pursue growth opportunities or meet financial obligations.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.