Sienna Senior Living Inc. (TSX:SIA) announces a share repurchase program. Under the program, the normal course issuer bid, the company will repurchase up to 3,648,358 shares, representing 5% of its issued and outstanding shares. The bid will be funded from its available resources.
The repurchased shares will be cancelled. The bid will be valid till June 19, 2024, or such earlier time as company completes its purchases pursuant to the bid or provides notice of termination. As of June 12, 2023, the company had 72,967,166 shares issued and outstanding.