Tucows 2014 Annual Report Download - page 185

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On March 5, 2014, the Company announced a stock buyback program. Under this buyback program, the
Company may repurchase up to $20 million of the Company's common stock over the 12-month period that commenced
on March 4, 2014. The Company repurchased 6,092 shares under this program during the three months ended
March 31, 2014 for a total of $82,286. The Company repurchased 73,300 shares under this program during the three
months ended September 30, 2014 for a total of $1.1 million. The Company repurchased 79,392 shares under this
program during the year ended December 31, 2014 for a total of $1.2 million.
On March 1, 2013, the Company announced a stock buyback program. Under this buyback program, the
Company may repurchase up to $2.5 million of the Company's common stock over the 12-month period that commenced
on March 1, 2013. The Company repurchased 35,769 shares under this program during the three and six month periods
ended June 30, 2013 for a total of $259,875.
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