Mongolia Growth Group Ltd. Renews Normal Course Issuer Bid
Toronto, ON – March 31, 2025 – Mongolia Growth Group Ltd. (YAK) is pleased to announce that the TSX Venture Exchange (TSXV) has accepted the Company’s Notice of Intention to renew its normal course issuer bid (NCIB). This bid will allow Mongolia Growth Group to purchase up to 1,500,000 common shares, representing approximately 5% of the issued and outstanding common shares, during the 12-month period commencing April 1, 2025, and ending March 31, 2026.
Background on Normal Course Issuer Bids
A normal course issuer bid is a method used by publicly-traded companies to buy back their own shares from the market. This practice can be used for various reasons, including to offset dilution from stock options or warrants, to return capital to shareholders, or to stabilize the stock price.
Mongolia Growth Group’s Previous NCIB
Mongolia Growth Group previously initiated a normal course issuer bid on March 31, 2021, which allowed the Company to purchase up to 1,500,000 common shares. The Company purchased a total of 676,600 common shares under this bid during the 12-month period ending March 2, 2022.
Impact on Individual Investors
The renewal of Mongolia Growth Group’s normal course issuer bid may have several implications for individual investors. One potential benefit is the potential for increased demand for the Company’s shares, which could lead to a higher stock price. Additionally, the Company’s decision to buy back shares indicates confidence in its own business prospects and may be seen as a positive sign by the market.
- Increased demand for Mongolia Growth Group shares
- Potential for a higher stock price
- Positive signal to the market
Impact on the World
On a larger scale, Mongolia Growth Group’s decision to renew its normal course issuer bid is a reflection of the broader trend of companies buying back their own shares. According to a report by Goldman Sachs, S&P 500 companies have spent a record $1 trillion on buybacks in 2021 alone. This trend is driven by low interest rates, strong corporate earnings, and a desire to return value to shareholders.
- Reflects broader trend of companies buying back shares
- Record $1 trillion spent on buybacks by S&P 500 companies in 2021
- Driven by low interest rates, strong earnings, and desire to return value to shareholders
Conclusion
Mongolia Growth Group’s decision to renew its normal course issuer bid is a positive sign for the Company and its shareholders. With the TSXV’s acceptance of the Notice of Intention, Mongolia Growth Group can now purchase up to 1,500,000 common shares, representing approximately 5% of the issued and outstanding common shares. This bid may lead to increased demand for the Company’s shares, a higher stock price, and a positive signal to the market. On a larger scale, Mongolia Growth Group’s renewed NCIB is a reflection of the broader trend of companies buying back their own shares, driven by low interest rates, strong earnings, and a desire to return value to shareholders.
Stay tuned for further updates on Mongolia Growth Group and its business activities.
