Points Intl (PCOM) Misses Q4 EPS by 1c

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Points Intl (PCOM) Receives TSX Approval for 5% Stock Buyback

March 2, 2016 4:12 PM EST

Points Intl (NASDAQ: PCOM) announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to repurchase up to 764,930 of its common shares (the "Repurchase"), representing approximately 5% of its 15,298,602 common shares issued and outstanding as of February 23, 2016.

The primary purpose of the Repurchase is purchases for cancellation. Repurchases will be made from time-to-time at Points' discretion, based on ongoing assessments of Points' capital needs, the market price of its common shares, general market conditions and... More