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National Bank of Canada Announces an Amendment to Its Normal Course Issuer Bid
National Bank of Canada Announces an Amendment to Its Normal Course Issuer Bid Canada New...
About this update from National Bank Of Canada
[{"type":"text","content":"\n\n\nNational Bank of Canada Announces an Amendment to Its 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\n\nCanada NewsWire\n\n\nMONTREAL, March 10, 2026 /CNW/ - National Bank of Canada (the \"Bank\") (TSX: NA) announces that the Toronto Stock Exchange (the \"TSX\") and the Office of the Superintendent of Financial Institutions have approved an amendment to the Bank's normal course issuer bid.\nThis amendment is intended to increase the maximum number of the Bank's issued and outstanding common shares that may be repurchased for cancellation under the current normal course issuer bid, by allowing the repurchase of up to 14,500,000 common shares, representing 3.70% of the Bank's 392,169,565 issued and outstanding common shares as at September 11, 2025.The program, launched on September 25, 2025, originally allowed the Bank to repurchase up to 8,000,000 common shares, representing 2.04% of its issued and outstanding common shares as at September 11, 2025. As at February 28, 2026, the Bank had repurchased 6,376,200 common shares at an average price of $165.75 under the current normal course issuer bid, representing 1.63% of the issued and outstanding common shares as at September 11, 2025, when the Bank filed its initial application with the TSX.The amendment will take effect on March 12, 2026. The program will terminate on September 24, 2026, as previously announced. No other terms of the current normal course issuer bid have been amended.All repurchases will be made through the facilities of the TSX and/or other Canadian alternative trading systems at the prevailing market price at the time of acquisition and will be made in accordance with applicable regulatory requirements. Common shares may also be repurchased by other means permitted under applicable securities laws, including through private agreements. Any private purchase made pursuant to an exemption granted by a securities regulatory authority will be at a discount to the prevailing market price.National Bank Financial Inc. (\"NBF\") has been retained to act as the designated broker to re...