Docebo Inc. (TSX:DCBO) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $100 million worth of its shares, representing 5.7% of its issued share capital. The shares will be repurchased at a price of $55 per share.

The repurchased shares will be cancelled. If shares with an aggregate purchase price of more than $100 are properly tendered and not properly withdrawn, the company will purchase the shares on a pro rata basis except that odd lot tenders (of holders beneficially owning fewer than 100 shares) will not be subject to pro-ration.