Kits Eyecare Ltd. (TSX:KITS) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 31,450,102 shares, representing 5% of its issued and outstanding share capital. All the repurchased shares under the bid will be cancelled.

The purpose of the bid is to enhance long-term shareholder value. The bid will expire on June 2, 2025, or such earlier date on which the maximum number of common Shares are purchased under the bid or the bid is terminated at the company?s election. As of May 21, 2024, the company had 31,450,102 issued and outstanding common shares.