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 ?
As of November 30, 2016, the company has repurchased a total of 809,872 Common Shares under the NCIB.
The NCIB will become effective on April 1, 2016 and end on March 31, 2017 or on an earlier date if EXFO repurchases the maximum number of shares permitted.
On any trading day, WestJet will not purchase more than 25 percent of the average daily trading volume of the Shares for the six months preceding the commencement of the NCIB, being 117,903 Shares, except where such purchases are made in accordance with the block purchase exemptions under the TSX rules.
56) Insurance companies providing information to the NCIB include Allstate, Copart, Direct General, Farmers Insurance, GEICO, Insurance Auto Auctions, Imperial Fire & Casualty, Infinity Insurance Company, Liberty Mutual, MetLife, Nationwide, Progressive, Safe Auto, Safeway Insurance of Louisiana, Sentry, St.
The investigation also supports an assertion by NCIB (1996b, 1) that "Greenpeace Fund is primarily a fund-raising and grant-making entity, working for the benefit of Greenpeace International and Greenpeace, Inc.
The PAS and the NCIB evaluate charities on such criteria as the frequency of their board meetings, whether they provide financial information on request, the percentage of their total income they apply to programmatic activities and the truthfulness of their solicitations.
Maybe the NCIB could audit the Center for Science in the Public Interest?
The terms of the proposed NCIB will be subject to TSX review and approval, and Sierra Wireless expects to provide further details in the coming weeks.
BCE will acquire common shares from the third party pursuant to the Agreement as part of the NCIB and such common shares will be cancelled upon purchase by BCE.
The bank said the NCIB bid will continue until April 30, 2018 or such earlier date as it may decide or as it may complete its purchases as per the amended notice of intention filed with the TSX.
NCIB notes that consumers and agents can check a vehicle's history through the NICB's VINCheck and the National Motor Vehicle Title Information System (NMVTIS) as well as their state motor vehicle records.