Coveo Solutions Inc. (TSX:CVO) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to CAD 50 million worth of its outstanding shares. The shares will be tendered at a price of not less than CAD 7.70 per share and not more than CAD 9.25 per share.

All repurchased shares by the company will be cancelled. The company intends to fund the offer from available cash on hand. All shares tendered at prices higher than the final purchase price will be returned to shareholders and the shares tendered at or below the selected price level will be bought at the purchase price.

If the aggregate cost to purchase the tendered shares exceeds CAD 40 million, the company will accept such shares on a pro-rata basis after giving effect to ?odd lot? tenders, which will not be subject to pro-ration. The bid will expire on July 10, 2024.