Normal-Course Issuer Bid

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Normal-Course Issuer Bid

The act of a publicly-traded company buying its own shares in order to cancel them. By definition, this reduces the number of shares outstanding and therefore increases the earnings per share. This usually results in an increased market value per share. Therefore, a company making an NCIB usually does so in order to increase its market value. Regulations govern the number of shares a company is allowed to buy back in an NCIB. See also: Share buyback.
References in periodicals archive ?
Pursuant to purchases under the Previous Bid and earlier normal course issuer bids, the company has acquired and presently holds 1,000,000 shares of its outstanding capital stock.
Class B Non-Voting Shares will be purchased by Shaw on the open market through the facilities of the TSX pursuant to its rules governing normal course issuer bids.
Sico wishes to purchase common shares of its share capital through the Toronto Stock Exchange in accordance with its policy statements on normal course issuer bids.
Class B Non-Voting Shares will be purchased by Shaw on the open market through the facilities of the TSX pursuant to the rules of the TSX governing normal course issuer bids.
AMEX:PPK) (TSX:PPK) announced today that the Toronto Stock Exchange has accepted a notice filed by the Company of its intention to make normal course issuer bids.
AMEX: PPK) announced today that The Toronto Stock Exchange has accepted a notice filed by the Company of its intention to make normal course issuer bids.
Counsel's normal course issuer bids will be made in accordance with the by-laws and policies of the Exchange.
TSE and AMEX "PPK") announced today that The Toronto Stock Exchange has accepted a notice filed by the Company of its intention to make normal course issuer bids.
These purchases are to be made through the facilities of the Montreal and Toronto stock exchanges in accordance with their respective policies on normal course issuer bids.
today announced that purchases of a maximum of 1,969,023 of its class A subordinate voting shares ("Subordinate Voting Shares"), representing approximately 10 percent of the "public float" (within the meaning of the TSE Policy Statement on Normal Course Issuer Bids) of the 25,673,802 Subordinate Voting Shares issued and outstanding, and 57,423 of its class B common shares ("Common Shares"), representing approximately 5 percent of the 1,148,476 issued and outstanding Common Shares, by means of a normal course issuer bid through the facilities of The Toronto Stock Exchange ("TSE") will commence on March 26, 1998, and will terminate no later than March 25, 1999.
Transactions will be executed at market prices to effect the repurchase of common shares in accordance with the rules of the exchanges relating to normal course issuer bids.
Shares will be purchased on the open market through the facilities of the Exchange pursuant to the rules of the exchange governing normal course issuer bids.