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.