Corus share Class B buyback program for renewal 07:50 AM EST, 12/21/2021 (MT Newswires) -- Corus Entertainment Inc. (CJR-B.TO) on Tuesday said it plans to launch a normal course issuer bid for up to 5% of its Class B non-voting shares in the public float.
Corus expects the buyback program to start Jan. 17, 2022, and run for 12 months. The exact amount of shares allowed for purchase under the program will be determined once the Toronto Stock Exchange approves the buyback.
The company's prior normal course issuer bid expired on Nov. 25. It did not repurchase and cancel any shares during that prior program.