Spin Master Corp. (TSX:TOY) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,984,559 subordinate voting shares, representing 8.51% of its issued share capital.

The repurchased shares will be cancelled. The repurchases will be funded from existing cash resources and draws on its credit facility. The bid is valid till March 3, 2025.

As of February 19, 2024, there were an aggregate of 35,058,092 units issued and outstanding subordinate voting shares.