Business
Bombardier Announces April 15, 2026 as the Start of its New Normal Course Issuer Bid
MONTRÉAL, April 13, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.A, BBD.B) (“Bo...
About this update from Bombardier Inc. Class A
[{"type":"text","content":"Bombardier Announces April 15, 2026 as the Start of its New Normal Course Issuer Bid\nMONTRÉAL, April 13, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.A, BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “NCIB”) will commence on April 15, 2026. The Toronto Stock Exchange (the “TSX”) has approved purchases of, from April 15, 2026 to April 14, 2027, up to 605,435 of its Class A shares (multiple voting) (“Class A shares”), representing 5.0% of the 12,108,700 Class A shares issued and outstanding as of April 2, 2026, and up to 4,327,859 of its Class B shares (subordinate voting) (“Class B subordinate voting shares”), representing 5.0% of the 86,557,188 Class B subordinate voting shares issued and outstanding as of April 2, 2026 (such number being net of 1,521,895 Class B subordinate voting shares held in the Trust Account (as defined hereinafter) as of April 2, 2026). Class A shares and Class B subordinate voting shares purchased under the NCIB will either be (a) cancelled to mitigate the dilutive effect of granting stock options under the Corporation’s stock option plan, which are settled with shares issued from treasury, (b) made for the account, and on behalf, of Computershare Trust Company of Canada, as trustee for an employee benefit plans trust account (the “Trust Account”), and used to settle the Corporation’s obligations under its employee share-based incentive plans, including its performance share unit plan and its restricted share unit plan (together with (a), “Stock Option and Incentive Plans Grants Management”), or (c) cancelled in order to manage the Corporation’s capital position while generating value for its shareholders. Bombardier believes that purchases of Class A shares and Class B subordinate voting shares under the NCIB from time to time at the prevailing market price is an effective strategy for the purpose of Stock Option and Incentive Plans Grants Management and, where deemed advisable, to provide flexibility to manage the Corporation's capital position while generating value for shareholders. Decisions on timing of purchases under the NCIB, and whether to purchase Class A shares versus Class B subordinate vot...