Normal-Course Issuer Bid-NCIB

Normal-Course Issuer Bid-NCIB

The action of a company buying back its own outstanding shares from the markets so it can cancel them.

Notes:

The amount the company may repurchase is subject to regulatory approval. Instead of holding shares, which fluctuate day to day in the market, a company will cancel the shares to add to its core value.

See also: Buyback, Outstanding Shares, Share Repurchase