BuybackJun 5, 2026, 10:16 AM
CAE Renews NCIB to Buy Back Up to 16.07M Shares
AI Summary
CAE Inc. announced the renewal of its normal course issuer bid (NCIB), receiving regulatory approval to repurchase up to 16,073,033 common shares, representing approximately 5% of its outstanding shares. The program will run from June 10, 2026, to June 9, 2027, with purchases made on the TSX, NYSE, and other platforms. The company has engaged TD Securities Inc. as its broker and established an automatic repurchase plan to facilitate purchases during blackout periods. This initiative is part of CAE's capital allocation strategy, aiming to enhance shareholder value.
Key Highlights
- CAE renewed its normal course issuer bid (NCIB) to repurchase up to 16,073,033 common shares.
- The maximum repurchase represents approximately 5% of CAE's 321,460,674 outstanding common shares as of May 29, 2026.
- The NCIB will commence on June 10, 2026, and conclude on June 9, 2027.
- Purchases will be made through the TSX, NYSE, alternative trading platforms, and privately-negotiated block purchases.
- CAE has appointed TD Securities Inc. as its designated broker and entered into an automatic repurchase plan (ARP).
- Under the previous NCIB (June 10, 2025 - June 9, 2026), CAE purchased 565,259 shares at an average price of $35.4418, totaling $20.0 million.
- The Board believes the NCIB is in the best interest of CAE and will enhance shareholder value.
Price Impact
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