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BMO Financial Group Announces Intention to Purchase for Cancellation Up to 30 Million of its Common Shares
BMO Financial Group Announces Intention to Purchase for Cancellation Up to 30 Million of its Comm...
About this update from Bank Of Montreal
[{"type":"text","content":"\n\n\n\n BMO Financial Group Announces Intention to Purchase for Cancellation Up to 30 Million of its Common Shares\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 Aug. 26, 2025\n \n\n /CNW/ - Bank of\n \n Montreal\n \n (TSX: BMO) (NYSE: BMO) today announced its intention to terminate its existing normal course issuer bid to purchase for cancellation up to 20 million of its common shares (the \"Existing Bid\"), and establish a new normal course issuer bid to purchase for cancellation up to 30 million of its common shares (the \"New Bid\"), subject to the approval of the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange (\"TSX\").\n \n\n Bank of\n \n Montreal's\n \n (the Bank) Existing Bid 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 22, 2025\n \n , the Bank had purchased 15.7 million common shares under the Existing Bid.  The Existing Bid will be terminated prior to commencing purchases under the New Bid. Purchases under the New Bid will 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 Bank intends to file a notice of intention with the TSX in this regard and, subject to regulatory approvals, the New Bid would commence following TSX acceptance of the notice and continue for up to one year. The common shares that may be purchased under the New Bid represent approximately 4.2 per cent of the 'public float' (as such term is defined in the TSX Company Manual) of common shares as of\n \n July 31, 2025\n \n . The timing and amount of any purchases under the New Bid ar...