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CIBC Receives TSX Approval for Normal Course Issuer Bid
CIBC Receives TSX Approval for Normal Course Issuer Bid Canada NewsWire TOR...
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"CIBC Receives TSX Approval for Normal Course Issuer Bid\n\n\n\n CIBC Receives TSX Approval 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. 8, 2025\n \n\n /CNW/ -\n \n CIBC\n \n (TSX: CM) (NYSE: CM) announced today that the Toronto Stock Exchange (TSX) has accepted notice of CIBC's intention to make a normal course issuer bid (NCIB).  As previously announced on\n \n August 28, 2025\n \n , CIBC intends to purchase for cancellation up to 20 million common shares under a new NCIB.\n \n\n TSX approval permits CIBC to purchase for cancellation from time to time up to 20 million common shares, representing approximately 2.2% of CIBC's 929,594,116 issued and outstanding common shares as of\n \n August 31\n \n , 2025. The average daily trading volume for the six months ended\n \n August 31, 2025\n \n and the maximum amount of common shares that could be purchased each day, calculated pursuant to the rules of the TSX for the purposes of the NCIB, were 3,617,077 and 904,269 common shares, respectively.\n \n\n CIBC's purchase of common shares under a NCIB is consistent with the bank's priority of maintaining balance sheet strength, while generating shareholder value through a balanced capital deployment strategy.\n \n\n Purchases under the bid may commence through the TSX on or after\n \n September 10\n \n , 2025 and may also be made through alternative Canadian trading systems,  the NYSE and by other such means as may be permitted by the Ontario Securities Commission or other applicable Canadian Securities Administrators.  The bid will be completed upon the earlier of (i) CIBC purchasing 20 million common shares, (ii) CIBC providing a notice of termination, or (iii)\n \n September 9\n \n , 2026.  CIBC Capital Markets has been retained to act as designated broker to repurchase CIBC shares pursuant to the bid. The price paid for the common shares will be the market price at the time of the purchase. The common shares purchased under the NCIB will be ...