Business
The North West Company Inc. Announces Renewal of its Normal Course Issuer Bid
WINNIPEG, Manitoba, Nov. 20, 2025 (GLOBE NEWSWIRE) -- (TSX: NWC): The North West Company ...
About this update from North West Company Inc.
[{"type":"text","content":"The North West Company Inc. Announces Renewal of its Normal Course Issuer Bid\n\n\n\n WINNIPEG, Manitoba, Nov. 20, 2025 (GLOBE NEWSWIRE) --\n \n\n (TSX: NWC):\n \n\n The North West Company Inc. (the “\n \n Company\n \n ” or “\n \n North\n \n\n West\n \n ”) announced today that the Toronto Stock Exchange (the “\n \n TSX\n \n ”) has accepted notice of the Company’s intention to make a normal course issuer bid (“\n \n NCIB\n \n ”) for a portion of its common voting shares and variable voting shares (the “\n \n Shares\n \n ”) as appropriate opportunities arise from time to time. The board of directors of the Company believes that the purchase by the Company of a portion of its outstanding Shares may from time to time be an appropriate use of available resources and in the best interests of the Company.\n \n\n Pursuant to the NCIB notice filed with the TSX, the Company may acquire up to a maximum of 4,752,020 of its Shares, or approximately 10% of its public float as of November 13, 2025, for cancellation over the next 12 months. As of November 13, 2025, the Company had 47,736,757 issued and outstanding Shares. The actual number of Shares that may be purchased pursuant to the NCIB will be determined by management of the Company, subject to applicable law and the rules of the TSX.\n \n\n Purchases under the NCIB will be made through the facilities of the TSX or through Canadian alternative trading systems and in accordance with applicable regulatory requirements at a price per Share equal to the market price at the time of acquisition. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 35,865 (which is equal to approximately 25% of 143,460, being the average daily trading volume of the Shares during the last six calendar months), subject to the Company’s ability to make one block purchase of Shares per calendar week that exceeds such limits.\n \n\n ‬In connection with the NCIB, the Company has established an automatic securities purchase plan (the “\n \n Plan\n \n ”) with its designated broker to facilitate the purchase of Shares under the NCIB at times when the Company would ordinarily not be permitted to purchase its Shares due to regulatory restrictions or self-imposed blacko...