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Gildan Activewear Announces Increase of Normal Course Issuer Bid [Financial Post (Toronto, Ontario, Canada)]

Gildan Activewear, Inc. Class A Sub. Vot. (GIL) 
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: gildancorp.com/investors-landing-page
Company Research Source: Financial Post
MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB). Article content “Given our continued execution of the Gildan Sustainable Growth strategy, our expected strong free cash flow and the strength of our balance sheet, we are eager to resume our share repurchases as we move through 2024,” said Glenn J. Chamandy, President and CEO. As such, Gildan today announced that it has received approval from the Toronto Stock Exchange (TSX) to amend its current NCIB, which commenced on August 9, 2023, in order Show less Read more
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