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Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid
Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid Canada News...
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[{"type":"text","content":"\n\n\n\n Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 2, 2025\n \n\n /CNW/ - Bank of\n \n Montreal\n \n (TSX: BMO) (NYSE: BMO) today announced that it has received approvals from the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions Canada to proceed with its normal course issuer bid. As previously announced, Bank of\n \n Montreal\n \n (the Bank) intends to terminate its existing normal course issuer bid (the \"Existing Bid\") and establish a new normal course issuer bid (the \"New Bid\") to purchase for cancellation up to 30 million of its common shares. The Existing Bid will terminate on\n \n September 4, 2025\n \n . The New Bid will commence\n \n September 5, 2025\n \n and end no later than\n \n September 4, 2026\n \n . Purchases under the New Bid may be made through the facilities of the TSX and may also be made through other designated exchanges and alternative Canadian trading systems or by such other means as may be permitted by a securities regulatory authority, including under automatic purchase plans, block purchases, private agreements or share purchase programs under exemption orders issued by securities regulatory authorities (an \"Exemption Order\").\n \n\n The Existing Bid to purchase up to 20 million common shares commenced on\n \n January 22, 2025\n \n and was scheduled to terminate on\n \n January 21, 2026\n \n , unless terminated earlier in accordance with its terms. As of\n \n August 29, 2025\n \n , the Bank purchased 15.95 million common shares under the Existing Bid through purchases on the TSX and alternative trading systems in\n \n Canada\n \n at an average price of\n \n $143.39\n \n per common share for a total amount of\n \n $2,287 million\n \n . Pursuant to the TSX rules, the common shares purchased under the Existing Bid have been deducted in calculating the maximum number of shares that wo...