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Swiss Water receives TSX approval for share buyback program

Swiss Water receives TSX approval for share buyback program

Toronto Stock Exchange approves Swiss Water Decaffeinated Coffee's share buyback program. The buyback allows the company to repurchase up to 650,000 common shares, representing 9.7% of its float as of August 7, 2026. The program will run from August 20, 2026, to August 19, 2027. At the time of the announcement, Swiss Water had 9,592,302 total issued and outstanding shares, with a public float of 6,676,109 shares.

The company's average daily trading volume for the six months ended July 31, 2026, was 3,657 shares. The daily purchase limit during the program is set at 1,000 shares, which is 25% of the company's average daily trading volume. Purchases will be made on the TSX and other Canadian trading systems at market prices. Management believes the market price may not reflect the company's true value and future prospects.

The company states it has sufficient cash flow and resources to fund the purchases without compromising its growth or financial obligations. No share repurchases were made in the 12 months leading up to the announcement. Swiss Water specializes in decaffeinating green coffee using a solvent-free Swiss Water Process. The company also owns Seaforth Supply Chain Solutions, a green coffee handling and storage business, both based in Delta, British Columbia.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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