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National Bank of Canada announces its intention to launch a normal course issuer bid
National Bank of Canada announces its intention to launch a normal course issuer bid Ca...
About this update from National Bank Of Canada
[{"type":"text","content":"\n\n\n\n National Bank of Canada announces its intention to launch a normal course issuer bid\n \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\n Canada NewsWire\n \n\n\n\n\n\n MONTREAL\n \n\n ,\n \n\n Aug. 27, 2025\n \n\n /CNW/ - National Bank of\n \n Canada\n \n (the \"Bank\") (TSX: NA) announced that its Board of Directors has authorized a normal course issuer bid to purchase for cancellation up to 8,000,000 of its common shares, representing approximately 2.04% of its 392,069,258 issued and outstanding common shares as at\n \n August 21, 2025\n \n . This normal course issuer bid is subject to the approval of the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange (the \"TSX\").\n \n\n\n\n\n\n\n\n\n It is expected that this normal course issuer bid will begin on or around\n \n September 25, 2025\n \n and will end at the latest on or around\n \n September 24, 2026\n \n . The actual number of common shares to be purchased, and the timing of any such purchases, will be at the Bank's discretion. The purchases must be made under the normal course issuer bid once all regulatory approvals are obtained, and the common shares acquired will be cancelled.\n \n\n Any purchases will be made through the facilities of the TSX and/or any alternative trading system in\n \n Canada\n \n . The Bank will pay the market price for the common shares at the time of acquisition and the purchases will be made in accordance with applicable regulatory requirements.\n \n\n The Bank could periodically establish automatic programs under which its broker, National Bank Financial Inc., would repurchase the Bank's shares pursuant to the normal course issuer bid within a set of criteria predefined by the Bank.\n \n\n The normal course issuer bid will provide the Bank with additional flexibility to manage capital.\n \n\n\n\n Caution Regarding Forward-Looking Statements\n \n\n\n\n\n Certain statements in this press release regarding the Bank's intention to launch a normal course issuer bid are forward-looking statements. These statements are made in acc...