Senvest Capital Inc. Announces Acceptance by TSX of Normal Course Issuer Bid

MONTREAL, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Senvest Capital Inc. (the “Corporation”) (TSX:SEC.TO) announced today the acceptance by the Toronto Stock Exchange (the “TSX”) of the Corporation’s Notice of Intention to make a normal course issuer bid (the “NCIB”). Pursuant to the NCIB, the Corporation proposes to purchase, from time to time, if considered advisable, up to an aggregate of 100,000 of its common shares, being approximately 4.02% of its 2,487,824 issued and outstanding common shares as of August 5, 2022, through the facilities of the TSX or through various eligible alternative trading systems in Canada. However, due to the historically low volume of trading of its common shares on the TSX, the Corporation advises that actual purchases under the NCIB may in fact be significantly less than 100,000 shares. Purchases may commence on August 16, 2022 and will conclude on the earlier of the date on which purchases under the bid have been completed and August 15, 2023.