Bombardier Announces April 3, 2024 as the Start of its New Normal Course Issuer Bid
MONTRÉAL, April 01, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “New NCIB”) will commence on April 3, 2024, following the early termination of its current normal course issuer bid.
- MONTRÉAL, April 01, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “New NCIB”) will commence on April 3, 2024, following the early termination of its current normal course issuer bid.
- The Corporation’s current normal course issuer bid commenced on May 23, 2023 for a 12-month period that would have ended May 22, 2024 (the “2023 NCIB”) for a maximum of 600,000 Class B shares (subordinate voting).
- Under the rules of the TSX, a maximum of 5% of the Corporation’s issued and outstanding Class B shares (subordinate voting) may generally be purchased over a 12-month period pursuant to a normal course issuer bid (the “5% Annual Limit”).
- Bombardier had sought and obtained the TSX’s approval for purchases of up to 600,000 Class B shares (subordinate voting) under the 2023 NCIB.