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EQB announces renewal of Normal Course Issuer Bid and Approval of Automatic Securities Purchase Plan
EQB announces renewal of Normal Course Issuer Bid and Approval of Automatic Securities Purchase P...
About this update from Eqb Inc
[{"type":"text","content":"\n\n\nEQB announces renewal of Normal Course Issuer Bid and Approval of Automatic Securities Purchase Plan\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, Jan. 2, 2026 /CNW/ - (TSX: EQB) – EQB Inc. (the \"Company\") announced today that it has received approval from the Toronto Stock Exchange (the \"TSX\") to renew its Normal Course Issuer Bid (the \"NCIB\") for an additional 12-month period.\n\n\n\n\n\n\n\nThe renewed NCIB will commence on January 6, 2026, and will expire on January 5, 2027, or on such earlier date as the NCIB is complete.\nPursuant to the terms of the NCIB, the Company may purchase for cancellation up to 2,215,794 common shares, representing approximately 10% of the public float of such shares as of December 23, 2025.\nSubject to the TSX's block purchase exception, on any trading day purchases under the NCIB will not exceed 31,372 common shares, based on an average daily trading volume of the common shares from June 1, 2025, to November 30, 2025, of 125,488 common shares (rounding down and determined in accordance with TSX polices).\nAll purchases under the renewed NCIB will be made through the facilities of the TSX, and/or through alternative Canadian trading systems, in accordance with its rules and applicable Canadian securities laws. All shares acquired under the NCIB will be cancelled.\nIn connection with the renewal of the NCIB, the Company has also received TSX approval to establish an Automatic Securities Purchase Plan (the \"ASPP\") with its designated broker. The ASPP is intended to allow for the repurchase of common shares under the NCIB during blackout periods or otherwise restricted trading periods, subject to the terms and limits of the plan and applicable securities laws.\nThe Board of Directors has authorized the renewal of the NCIB because it believes that, from time to time, the market price of the Company's common shares does not fully reflect their intrinsic value. Repurchasing shares is viewed as an efficient use of capital and aligned with EQB's broader capital management strategy.\nUnder its exi...