RE:RE:Strategic Here's the answer to your question ; note that it has to be approved by the exchange
What Is a Normal-Course Issuer Bid (NCIB)?
A normal-course issuer bid is a Canadian term for a public company's repurchase of its own stock in order to cancel it. A company is allowed to repurchase between 5% and 10% of its shares depending on how the transaction is conducted.Key Takeaways
- An NCIB is a stock buyback program used by companies listed in Canada.
- The NCIB is used to raise cash, force the share price higher, ward off a takeover, or some combination of all of these.
- The NCIB must be approved in advance by the exchanges.