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Trisura Group Ltd. Announces Renewal of Normal Course Issuer Bid
TORONTO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “...
About this update from Trisura Group Ltd.
[{"type":"text","content":"Trisura Group Ltd. Announces Renewal of Normal Course Issuer Bid\n\n\n\n TORONTO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Trisura Group Ltd. of its intention to renew its Normal Course Issuer Bid (“NCIB”) to be transacted through the facilities of the TSX and/or alternative trading systems.\n \n\n The notice provides that Trisura Group may, during the 12-month period commencing December 9, 2025 and ending December 8, 2026, purchase up to 1,427,012 common shares in total, representing approximately 3% of Trisura Group’s issued and outstanding common shares. As at November 26, 2025, Trisura Group had 47,809,021 common shares issued and outstanding. Under the NCIB, Trisura Group may purchase up to 19,049 common shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 76,198 common shares on the TSX for the six months ended November 30, 2025.\n \n\n The renewal of the NCIB follows on the conclusion of Trisura Group’s previous normal course issuer bid which expires on December 5, 2025 (the “Previous NCIB”). Trisura Group had received the approval of the TSX to purchase up to 1,433,371 Common Shares under the Previous NCIB.\n \n\n Trisura Group has not purchased any of its common shares in the last twelve months.\n \n\n The purchase of Trisura Group common shares is intended to offset dilution resulting from the issuance of common shares pursuant to Trisura Group’s equity incentive programs. The establishment of the NCIB also provides Trisura with the flexibility to acquire common shares from time to time as an effective means of returning capital to its shareholders.\n \n\n Purchases under the NCIB may be made through the facilities of the TSX and/or alternative trading systems at market prices prevailing at the time of purchase or such other price as may be permitted. All common shares acquired by Trisura Group under the NCIB will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Trisura’s escrowed stock plan. Repurchases will be subject to compliance with applicable Canadian sec...