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CAE announces renewal of normal course issuer bid
CAE announces renewal of normal course issuer bid Canada NewsWire MONTREAL ...
About this update from Cae Inc.
[{"type":"text","content":"\n\n\n\n CAE announces renewal of 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 MONTREAL\n \n\n ,\n \n\n June 6, 2025\n \n\n /CNW/ - (NYSE: CAE) (TSX: CAE) – CAE Inc. (\"\n \n CAE\n \n \") today announced that it has received regulatory approval to renew its normal course issuer bid (\"\n \n NCIB\n \n \") to purchase, for cancellation, up to 16,019,294 of its common shares commencing\n \n June 10, 2025\n \n and ending\n \n June 9, 2026\n \n .\n \n\n The maximum number of common shares that may be repurchased under the program represents approximately five percent (5%) of the issued and outstanding common shares of CAE. The actual number of common shares purchased under the NCIB, the timing of purchases and the price at which the common shares are bought will depend upon management discretion based on factors such as market conditions.\n \n\n Purchases under the NCIB will be made through the facilities of the Toronto Stock Exchange (\"\n \n TSX\n \n \") in accordance with the TSX's applicable policies or the facilities of the New York Stock Exchange (\"\n \n NYSE\n \n \") in compliance with applicable NYSE rules and policies and U.S. laws, or in such other manner as may be permitted under applicable stock exchange rules and applicable securities laws, including through alternative Canadian and US trading platforms and privately-negotiated, off-exchange block purchases. In the case of off-exchange block purchases, purchases will be at a discount to the prevailing market price in accordance with and subject to the terms of applicable exemptive relief.\n \n\n RBC Dominion Securities Inc. (\"\n \n RBC\n \n \") has agreed to act as CAE's designated broker to make purchases of common shares pursuant to the NCIB. CAE has also entered into an automatic repurchase plan agreement (\"\n \n ARPA\n \n \") with RBC allowing it to purchase common shares under the NCIB when CAE would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed black-out periods. Before ...