Normal Course Issuer Bid definition

Normal Course Issuer Bid or “NCIB” means an issuer bid for a class of Listed Securities where the purchases over a 12-month period by the Listed Issuer or Persons acting jointly or in concert with the Listed Issuer and commencing on the date of Filing of the documents required by Exchange Requirements, do not exceed the greater of:
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Normal Course Issuer Bid or “NCIB” means an issuer bid by a Listed Issuer for its own listed securities to be made over a 12-month period and subject to certain volume and price restrictions, specifically where the purchases over a 12-month period by the Listed Issuer or Persons acting jointly and in concert with the Listed Issuer, commencing on the date specified in the Notice of Normal Course Issuer bid, do not exceed the greater of
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Normal Course Issuer Bid means an issuer bid where the purchases (other than purchases by way of a substantial issuer bid):
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Examples of Normal Course Issuer Bid in a sentence

  • The Company launched a Normal Course Issuer Bid (share buyback) program on September 27, 2022.

  • Normal Course Issuer Bid (“NCIB”) On January 4, 2022, the Toronto Stock Exchange (“TSX”) approved Dorel’s NCIB.

  • See "Normal Course Issuer Bid" for additional details.• On October 7, 2021, the Company amended its amended Credit Agreement to extend the term for an additional five years, with expiration to occur on October 7, 2026.

  • Normal Course Issuer Bid On January 4, 2022, the Company commenced an NCIB to purchase for cancellation up to a maximum of 11,820,533 Common Shares on the open market through the facilities of the TSX and/or alternative trading systems.

  • On January 5, 2023, the Company launched, and the Toronto Stock Exchange ("TSX") accepted the notice to launch a Normal Course Issuer Bid (the "NCIB").

  • On May 20, 2023 the Toronto Stock Exchange ("TSX") accepted the Company's notice of intention to commence a Normal Course Issuer Bid ("NCIB"), allowing the Company to repurchase, at its discretion, up to 7.2 million common shares in the open market or as otherwise permitted by the TSX, subject to the normal terms and limitations of such bids.

  • Normal course issuer bidOn August 12, 2020, the Company announced that the TSX had approved the Company’s Notice of Intention to Make a Normal Course Issuer Bid under which the Company may, if considered advisable, purchase for cancellation, from time to time up to August 12, 2021, up to an aggregate of 1,613,592 of its issued and outstanding common shares, being 10% of its public float of 16,135,923 common shares as of August 5, 2020.

  • Recent Developments Normal Course Issuer Bid On December 5, 2023, the TSX Venture Exchange (“TSXV”) accepted the Company’s notice of intention to commence a Normal Course Issuer Bid (“NCIB”).


More Definitions of Normal Course Issuer Bid

Normal Course Issuer Bid means an issuer bid by a listed issuer to acquire its listed securities where the purchases (other than purchases by way of a substantial issuer bid):
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Normal Course Issuer Bid means an issuer bid by a listed issuer to acquire its listed securities where the purchases:
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Related to Normal Course Issuer Bid

  • Consolidated Current Liabilities means, as at any date of determination, the total liabilities of Holdings and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.

  • Significant Subsidiary means any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date.

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.