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IGM FINANCIAL INC. - NORMAL COURSE ISSUER BID APPROVED
IGM FINANCIAL INC. - NORMAL COURSE ISSUER BID APPROVED Canada NewsWire WINNIPEG, ...
About this update from Igm Financial Inc.
[{"type":"text","content":"\n\n\nIGM FINANCIAL INC. - NORMAL COURSE ISSUER BID APPROVED\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\nWINNIPEG, MB, Dec. 17, 2025 /CNW/ - IGM Financial Inc. (IGM or the Corporation) (TSX: IGM) today announced receipt of regulatory approval respecting its intention to renew its Normal Course Issuer Bid (NCIB) and Automatic Securities Purchase Plan (ASPP) through the facilities of the Toronto Stock Exchange. The term of the 2025 NCIB will commence December 23, 2025, and continue until December 22, 2026, when the bid expires, or such earlier date as the Corporation completes its purchases pursuant to the notice of intention filed with the TSX.\n\n\n\n\n\n\n\nThe Corporation may purchase for cancellation, by means of open market transactions through the facilities of the TSX and/or alternative Canadian trading systems up to 11,784,802 common shares, representing approximately 5.0 percent of the 235,696,049 common shares outstanding on December 9, 2025.\nThe average daily trading volume for the six months ending November 30, 2025 was 274,146 common shares. Consequently, daily repurchases on the TSX under the NCIB will be limited to 68,536 common shares, other than block purchase exceptions. Purchases will be at the prevailing market price at the time of acquisition. Any common shares purchased pursuant to the NCIB will be cancelled.\nThe ASPP provides standard instructions regarding how IGM Financial's common shares are to be purchased under its Normal Course Issuer Bid during certain pre-determined trading blackout periods, subject to pre-established parameters. Outside of these pre-determined trading blackout periods, purchases under the Corporation's Normal Course Issuer Bid will be completed based upon management's discretion.\nThe ASPP constitutes an \"automatic plan\" for purposes of applicable Canadian securities legislation and has been reviewed by the TSX. Should the ASPP be materially varied, suspended, or terminated prior to the expiry date, IGM Financial will issue a press release advising of such variation, suspension or termination as t...