Tucows Inc. (NasdaqCM:TCX) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its shares. All shares purchased by the company under the stock buyback program will be retired and returned to treasury.

The purchase will be funded from available working capital and existing credit facilities. The program will terminate on or before February 22, 2025. As of February 21, 2024, the company had 10,936,673 common shares outstanding.