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CPKC announces TSX acceptance of early renewal of share repurchase program
Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) ("CPKC") announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to implement an early renewal of its normal course issuer bid (the "2026 NCIB").
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"CALGARY, AB, Jan. 28, 2026 /CNW/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) ("CPKC") announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to implement an early renewal of its normal course issuer bid (the "2026 NCIB").","length":297,"tagName":"p"},{"type":"text","content":"Under the 2026 NCIB, CPKC will be permitted to purchase for cancellation, up to 82,214,163 common shares in the capital of CPKC, or approximately 9 percent of its public float of common shares, less the 37,348,539 common shares purchased under the 2025 NCIB (as defined below), subject to normal terms and limitations of such bids for net new purchases of up to 44,865,624 common shares (representing approximately 5% of the 897,704,154 issued and outstanding common shares as at January 19, 2026). The 2026 NCIB is expected to commence on February 2, 2026 and is due to terminate on February 1, 2027 or such earlier date as CPKC may determine.","length":649,"tagName":"p"},{"type":"text","content":""CPKC's strong free cash flow generation, robust growth pipeline, and proven operational execution underpin our confidence in launching this new share repurchase program," said CPKC President and CEO Keith Creel. "We remain firmly committed to creating long-term shareholder value through disciplined and opportunistic capital allocation."","length":363,"tagName":"p"},{"type":"text","content":"CPKC has terminated its existing normal course issuer bid which commenced on March 3, 2025 and had an expiry date of March 2, 2026 (the "2025 NCIB"). CPKC repurchased and cancelled 37,348,539 of the 37,348,539 common shares it was authorized to repurchase under its 2025 NCIB, at a weighted average price per common share of $105.53. As a result of the early termination of the 2025 NCIB, the 37,348,539 common shares purchased under the 2025 NCIB will be deducted from the 2026 NCIB annual limit of common shares as per the requirements of the TSX.","length":559,"tagName":"p"},{"type":"text","content":"Purchases of CPKC's common shares under the 2026 NCIB may be made through the facilities of the TSX, the New York Stock Exchange ("NYSE") and alternative trading systems in Canada and the US by means of open market transactions or by such other means as may be per...