In section Market Quotes

Pollard Banknote Initiates Buyback After Shares Slide

With its stock price down 24% over the last year, lottery supplier Pollard Banknote is moving to stabilize its market position. The company has secured approval from the Toronto Stock Exchange to initiate a buyback program, targeting up to 10% of its public float to address recent valuation losses.

By Money Talk·June 23, 2026·2 min read·530 reads

Pollard Banknote Initiates Buyback After Shares Slide

The company, which specializes in lottery tickets, vending equipment, and bingo supplies, plans to repurchase as many as 966,677 shares. This normal course issuer bid will span a one-year window, commencing this Thursday.

The initiative follows a period of persistent downward pressure on the company's equity. Pollard shares have retreated 12% since the start of the year, closing at C$17.03 in the most recent session. By utilizing this buyback authority, management aims to capitalize on the lower trading price while signaling confidence in the firm's long-term financial health.

Pollard Banknote Initiates Buyback After Shares Slide

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