BuybackMay 13, 2026, 07:02 AM
Colliers Announces New NCIB to Repurchase up to 4.3M Shares
AI Summary
Colliers International Group Inc. announced a new Normal Course Issuer Bid (NCIB) accepted by the Toronto Stock Exchange, allowing it to repurchase up to 4,300,000 Subordinate Voting Shares. This represents approximately 10% of the public float and will occur between May 15, 2026, and May 14, 2027. The company believes the market price of its shares is attractive and that the purchase would be an appropriate use of corporate funds. An Automatic Share Purchase Plan has been established with BMO Nesbitt Burns Inc. to facilitate purchases during black-out periods.
Key Highlights
- New Normal Course Issuer Bid (NCIB) authorized by Toronto Stock Exchange.
- Company may repurchase up to 4,300,000 Subordinate Voting Shares.
- This represents approximately 10% of the 43,850,289 public float shares.
- The buyback period is from May 15, 2026, to May 14, 2027.
- Daily TSX purchases are limited to 22,078 Subordinate Voting Shares.
- As of May 12, 2026, 49,778,127 Subordinate Voting Shares were outstanding.
- Previous NCIB expired May 8, 2026, with no shares purchased.
- BMO Nesbitt Burns Inc. appointed as designated broker for the NCIB.