Unisync Corp Announces Share Repurchase Program
News related to:Unisync Corp · 2 min read
TORONTO, Sept. 30, 2026 /CourierPR/ -- Unisync Corp., a leading provider of corporate apparel and protective garments, has announced a plan to repurchase up to 1,000,000 of its common shares over the next year, starting on October 2, 2026, and ending on October 1, 2027. This initiative, known as a normal course issuer bid, aims to increase the proportionate interest of remaining shareholders and reflect the underlying value of the company.
According to the company, the purchase of these shares will be carried out through the facilities of the Toronto Stock Exchange (TSX) or other designated exchanges and alternative Canadian trading systems. Haywood Securities Inc. will handle the transactions on behalf of Unisync. The daily purchase limit is set at 1,376 shares, which is 25% of the average daily trading volume of 5,506 shares, subject to certain exceptions.
As of the date of the announcement, Unisync had 19,012,229 issued and outstanding shares, with 14,176,435 estimated in the "public float." The company believes that its shares are currently trading at a price range that does not adequately reflect their underlying value, based on the company's assets, business prospects, and financial position. Unisync's two business units, Unisync Group Limited (UGL) and Peerless Garments LP, operate in Canada and the USA, with UGL serving iconic brands and Peerless specializing in protective garments for government departments and agencies.
In addition to the normal course issuer bid, Unisync has also entered into an Automatic Securities Purchase Plan (ASPP) with a designated broker. This ASPP will allow for the purchase of shares when the company would otherwise be restricted from doing so due to regulatory or self-imposed blackout periods. The ASPP will be implemented on October 2, 2026, and will end on October 1, 2027, unless terminated earlier based on the terms of the ASPP.
The company has reserved the right to stop the bid if market conditions warrant it. Unisync has also noted that no director, senior officer, or other insider currently intends to sell any common shares under this bid, although such sales may occur if personal or corporate circumstances change or if a decision unrelated to the bid is made.