Normal Course Issuer Bid, NCIB With a Normal Course Issuer Bid or NCIB, a company can buy shares in the market at any price, there is no predetermined price, it is at the will of the company management and board in accordance where value is seen. To quote from the press release...
"The actual number of Shares purchased, the timing of purchases and the price at which the Shares are bought will depend upon future market conditions, and upon potential alternative uses for Sandvine's cash resources. Any purchases will be made by Sandvine at the prevailing market price of the Shares at the time of purchase and will be subject to a maximum daily purchase volume of 76,901 Shares except as otherwise permitted under the TSX NCIB rules."