CAE Inc. Renews Normal Course Issuer Bid
CAE Inc. has announced the renewal of its normal course issuer bid, allowing the company to purchase up to 5% of its outstanding shares.
The company will execute the share buyback program through an automatic repurchase plan agreement, ensuring consistent execution even during blackout periods.
Key details of the normal course issuer bid are as follows:
- Maximum number of shares to be purchased: up to 5% of outstanding shares
- Purchase method: automatic repurchase plan agreement
- Purpose: to return value to shareholders
This development is in line with the company’s commitment to managing capital allocation effectively.