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National Bank of Canada announces its intention to amend its normal course issuer bid
National Bank of Canada (the "Bank") (TSX: NA) announced today that its Board of Directors has authorized an amendment to its normal course issuer bid. This amendment is subject to approval by the Office of the Superintendent of Financial Institutions of Canada and the Toronto Stock Exchange (the "TSX").
About this update from National Bank Of Canada
[{"type":"text","content":"MONTREAL, Feb. 25, 2026 /CNW/ - National Bank of Canada (the "Bank") (TSX: NA) announced today that its Board of Directors has authorized an amendment to its normal course issuer bid. This amendment is subject to approval by the Office of the Superintendent of Financial Institutions of Canada and the Toronto Stock Exchange (the "TSX").","length":357,"tagName":"p"},{"type":"image","alt":"National Bank Logo (CNW Group/National Bank of Canada)","displaySize":"","headline":null,"caption":"National Bank Logo (CNW Group/National Bank of Canada)","className":"","disableSlideshowImg":false,"size":{"original":{"width":209,"height":64,"url":"https://media.zenfs.com/en/cnwgroup.com/b8a97734115f680e9af6db65eb9d7d5b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mQCRvjEmPl9sqE18Bpawmg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTExMDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/b8a97734115f680e9af6db65eb9d7d5b","width":209,"height":64}},"href":"https://mma.prnewswire.com/media/2919473/National_Bank_of_Canada_National_Bank_of_Canada_announces_its_in.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The 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 392,169,565 common shares issued and outstanding as at September 11, 2025.","length":359,"tagName":"p"},{"type":"text","content":"The program, which was launched on September 25, 2025, currently allows the Bank to purchase for cancellation up to 8,000,000 common shares, representing approximately 2.04% of the 392,169,565 common shares issued and outstanding as at September 11, 2025.","length":255,"tagName":"p"},{"type":"text","content":"The amendment is expected to become effective on or about March 12, 2026, subject to obtaining the required regulatory approvals. The program will expire on September 24, 2026, as previously announced. No other terms of the current normal course issuer bid will be amended.","length":273,"tagName":"p"},{"type":"text","content":"The actual number of common shares to be repurchased and the timing of such purchases will be determined by the Bank. All common shares repurchased will be cancelled. Pur...