Q: Greetings — Today, (Feb 14/24) Goldmoney amended the terms of it NCIB to allow the company to purchase more of its own shares, from 592,058 shares to 744,536 shares.
My question: Once the company acquires any given number of its own shares, are those XAU shares cancelled (which could increase EPS) or retained as treasury stock?
Thanks for your fine service.
My question: Once the company acquires any given number of its own shares, are those XAU shares cancelled (which could increase EPS) or retained as treasury stock?
Thanks for your fine service.
5i Research Answer:
In pratically every case (though not 100%) the shares purchased are cancelled.