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D2L Inc. Announces Normal Course Issuer Bid
D2L Inc. Announces Normal Course Issuer Bid Canada NewsWire TORONTO , Dec. 9, ...
About this update from D2l, Inc.
[{"type":"text","content":"\n\n\nD2L Inc. Announces Normal Course Issuer Bid\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\nCanada NewsWire\n\n\nTORONTO, Dec. 9, 2025 /CNW/ - D2L Inc. (TSX: DTOL) (\"D2L\" or the \"Company\"), a leading global learning technology company, today announced that the Toronto Stock Exchange (the \"TSX\") has accepted the Company's notice to launch a new Normal Course Issuer Bid (the \"Bid\"). The Company previously implemented a normal course issuer bid for its subordinate voting shares which expired on December 8, 2025.\n\n\n\n\n\n\n\nUnder the Bid, the Company may repurchase on the open market, at its discretion during the period commencing on December 12, 2025 and ending on the earlier of December 11, 2026 and the completion of purchases under the Bid, up to 1,474,527 subordinate voting shares, representing approximately 10.0% of the \"public float\" (within the meaning of the rules of the TSX), subject to the normal terms and limitations of such bids. Under the TSX rules, the average daily trading volume of the subordinate voting shares on the TSX during the six months ended November 30, 2025 was approximately 29,524 and, accordingly, daily purchases on the TSX pursuant to the Bid will be limited to 7,381 subordinate voting shares, other than purchases made pursuant to the block purchase exception. The actual number of subordinate voting shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by the management of the Company, subject to applicable law and the rules of the TSX.\nPurchases are expected to be made through the facilities of TSX and/or alternative Canadian trading systems, or by such other means as may be permitted by the Ontario Securities Commission or other applicable Canadian Securities Administrators, at prevailing market prices. The Company has agreed to enter into an automatic share purchase plan (an \"ASPP\") with a designated broker to allow for the purchase of subordinate voting shares under the Bid at times when the Company would ordinarily not be permitted to purchase shares due to regulat...