|
|
|
|
|
(State or Other
|
|
(Commission File
|
|
(IRS Employer
|
Jurisdiction of
|
|
Number)
|
|
Identification No.)
|
Incorporation)
|
|
|
|
|
|
|
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading
Symbol(s)
|
Name of each exchange on which registered
|
||
|
|
|
(a)
|
Not Applicable.
|
(b)
|
Not Applicable.
|
(c)
|
Not Applicable.
|
(d)
|
Exhibits.
|
Exhibit Number
|
Exhibit
|
99.1 | Press Release dated February 22, 2024 announcing the authorization by the Tucows board of directors of a stock repurchase program. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Date: February 26, 2024
|
TUCOWS INC.
|
|
By:
|
/s/ Davinder Singh
|
|
Name:
|
Davinder Singh
|
|
Title:
|
Chief Financial Officer
|
Exhibit 99.1
![]() |
![]() |
Tucows Announces $40 Million Stock Buyback Program
TORONTO, February 22, 2024 – Tucows Inc. (NASDAQ: TCX, TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time if and as appropriate, up to $40 million of its common stock in the open market.
The new $40 million buyback program will commence February 23, 2024 and will terminate on or before February 22, 2025. Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market. The previously announced $40 million buyback program, which commenced February 10, 2023, has been terminated.
Any shares purchased by Tucows under the stock buyback program will be retired and returned to treasury.
The timing and exact number of common shares purchased will be at Tucows’ discretion and will depend on available cash and market conditions. Tucows may suspend or discontinue the repurchases at any time, including in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.
The purchase will be funded from available working capital and existing credit facilities. As of February 21, 2024, Tucows had 10,936,673 common shares outstanding.
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
About Tucows
Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages approximately 25 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (https://tucows.com).
Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding our future financial results and, including, without limitation, our expectations regarding our ability to realize synergies from the Enom acquisition and our expectation for growth of Ting Internet. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.
Contact:
Monica Webb, Vice President, Investor Relations
647. 898.9924
mwebb@tucows.com
Document And Entity Information |
Feb. 22, 2024 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | TUCOWS INC. |
Document, Type | 8-K |
Document, Period End Date | Feb. 22, 2024 |
Entity, Incorporation, State or Country Code | PA |
Entity, File Number | 0-28284 |
Entity, Tax Identification Number | 23-2707366 |
Entity, Address, Address Line One | 96 Mowat Avenue |
Entity, Address, City or Town | Toronto |
Entity, Address, State or Province | ON |
Entity, Address, Country | CA |
Entity, Address, Postal Zip Code | M6K 3M1 |
City Area Code | 416 |
Local Phone Number | 535-0123 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity, Emerging Growth Company | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | TCX |
Security Exchange Name | NASDAQ |
Amendment Flag | false |
Entity, Central Index Key | 0000909494 |
RHY_U=3_ 102P,$% @ 36]:6)>*NQS M $P( L !?3T\$MP>:4#M.*2VBZD8_1!2:5K5N %(MB6/ M: (7->=I3W;+T]!;X"O M.DQQ0FE(2S,.\,W2?S+W\PPU1>5*(Y5;&GC3Y?YVX$G1H2)8%II%R=.B':5_ M'36TGHX-R#8._AE8P=S8\?=_<#4$L#!!0 M ( $UO6E@D'INBK0 /@! : >&PO7W)E;',O=V]R:V)O;VLN>&UL M+G)E;'.UD3T.@S ,A:\2Y0 U4*E#!4Q=6"LN$ 7S(Q(2Q:X*MR^% 9 Z=&&R MGBU_[\E.GV@4=VZ@MO,D1FL&RF3+[.\ I%NTBB[.XS!/:A>LXEF&!KS2O6H0 MDBBZ0=@S9)[NF:*/Y#='7=:7PX_;(X\ \PO%WHJ45D*4H5&N1,PFBV-L%2 MXLM,EJ*H,AF**I9P6B#BR2!M:59]L$].M.=Y%S?W1:[-XPFNWPQP>'3^ 5!+ M P04 " !-;UI899!YDAD! #/ P $P %M#;VYT96YT7U1Y<&5S72YX M;6RMDTU.PS 0A:\295LE+BQ8H*8;8 M=< %C3QJK_I-G6M+;,T[:2J 2%85- MK'C>O,^>EZS>CQ&PZ)WUV)0=47P4 E4'3F(=(GBNM"$Y2?R:MB)*M9-;$/?+ MY8-0P1-XJBA[E.O5,[1R;ZEXZ7D;3?!-FI6.5Z*U .EK >MKBRAE# MVQH%.JB]XY8:8P*IL0,@9^O1=#%-)IXPC,^[V?S!9@K(RDT*$3FQ!'_'G2/) MW55D(TADIJ]X(;+U[/M!3EN#OI'-X_T,:3?D@6)8YL_X>\87_QO.\1'"[K\_ ML;S63AI_YHOA/UY_ 5!+ 0(4 Q0 ( $UO6E@'04UB@0 +$ 0 M " 0 !D;V-0 &UL4$L! A0#% @ 36]: M6#^/;,SO *P( !$ ( !KP &1O8U!R;W!S+V-O &UL4$L! A0#% @ 36]:6)E &PO=V]R:W-H965T &UL4$L! A0#% @ 36]:6)^@&_"Q @ X@P T ( ! MB0P 'AL+W-T>6QE &PO=V]R:V)O;VLN>&UL M4$L! A0#% @ 36]:6"0>FZ*M ^ $ !H ( !NQ$ M 'AL+U]R96QS+W=O 9(9 0 SP, !, ( !H!( %M#;VYT96YT7U1Y<&5S72YX 8;6Q02P4& D "0 ^ @ ZA, end
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end