Spin Master Corp. (TSX:TOY) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,845,904 subordinate voting shares, representing 8.31% of its issued share capital.

The repurchased shares will be cancelled. The repurchases will be funded from existing cash resources and draws on its credit facility. The bid is valid till January 8, 2024.

As of December 31, 2022, there were an aggregate of 34,239,707 units issued and outstanding subordinate voting shares.