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Microbix Announces Initiation of Normal Course Issuer Bid
MISSISSAUGA, Ontario, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. ( TSX: MBX, OT...
About this update from Microbix Biosystems Inc.
[{"type":"text","content":"Microbix Announces Initiation of Normal Course Issuer BidFor Repurchase of up to 5% of its outstanding shares over 12 months\n\n\n\n MISSISSAUGA, Ontario, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. (\n \n TSX: MBX, OTCQX: MBXBF, Microbix®\n \n ) (“Microbix” or the “Company”), a life sciences innovator, manufacturer, and exporter, announces the initiation of a Normal Course Issuer Bid (“\n \n NCIB\n \n ”) program for the repurchase and cancellation of outstanding common shares.\n \n\n Specifically, the NCIB enables Microbix to repurchase up to 6,949,346 Common Shares (\"\n \n Shares\n \n \"), that number being approximately five percent (5%) of the 138,986,931 Shares outstanding as at November 26, 2025. Repurchases will be made through the facilities of the Toronto Stock Exchange (“\n \n TSX\n \n ”) and alternative trading systems over a 12-month period starting on December 9, 2025 and the NCIB will end on December 8, 2026 or such earlier date as the Company completes its purchases pursuant to the NCIB or provides notice of termination. The actual number of Shares which may be repurchased pursuant to the NCIB will be determined by management under applicable rules and policies.\n \n\n The NCIB has been approved by Microbix’s Board of Directors and will be conducted in accordance with the applicable rules and policies of the TSX and Canadian securities laws, including TSX approval of Microbix’s notice of intention to conduct a NCIB. Under the NCIB, Shares may be repurchased in open market transactions on the TSX, or by such other means as may be permitted by the TSX and applicable Canadian securities laws. Microbix will pay the prevailing market price at the time of its Share repurchases.\n \n\n Pursuant to TSX rules and policies, the maximum number of Shares that may be repurchased in one day via the NCIB will be 20,339 that being 25% of the average daily trading volume (“\n \n ADTV\n \n ”) of the Shares on the TSX for the most recently completed six calendar months. That daily maximum may be exceeded via certain prescribed exceptions, such as periodic block trades. The ADTV on the TSX for six calendar months ended October 31, 2025 is 81,357. Microbix conducted a prior NCIB for the 12-months from December 9, 2024 under which i...