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IMAX Announces $100 Million Increase to Current Share-Repurchase Program

1. IMAX expands share repurchase program by $100 million, extending to June 2027. 2. Total repurchase authorization reaches $500 million, with $250 million remaining.

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FAQ

Why Bullish?

Share buybacks typically boost stock prices by reducing supply and signaling confidence. Historically, companies that announce increased buybacks tend to see positive market reactions, which may benefit IMAX.

How important is it?

The announcement of an expanded buyback program is significant in instilling investor confidence in IMAX’s financial health, suggesting strong future prospects.

Why Short Term?

The immediate effects of the share repurchase program can lead to a quick price increase. Investors often react positively to buyback announcements in the following weeks.

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AMCCNKDIS
NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) today announced an increase of $100 million in the Company's share repurchase program along with a one-year extension through June 30, 2027. This expansion brings the Company's total share repurchase authorization to $500 million, of which approximately $250 million remains available. The Company has repurchased a total of 15.1 million of its common shares (or approximately a 23% net reduction in shares outstanding) for an aggregate purch.

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