BuybackMay 14, 2026, 06:08 AM
Pembina Pipeline Renews Share Buyback for up to 29.07M Shares
AI Summary
Pembina Pipeline Corporation announced the Toronto Stock Exchange has approved the renewal of its normal course issuer bid (NCIB) to repurchase up to five percent of its issued and outstanding common shares. This program allows Pembina to buy back up to 29,071,759 common shares, commencing May 19, 2026, and expiring by May 18, 2027. The company believes repurchasing shares for cancellation is an attractive use of financial resources when the market price does not reflect underlying value.
Key Highlights
- Pembina Pipeline received TSX approval for the renewal of its Normal Course Issuer Bid (NCIB).
- The company is authorized to repurchase up to five percent of its issued and outstanding common shares.
- This amounts to a maximum of 29,071,759 common shares.
- The NCIB will commence on May 19, 2026, and expire by May 18, 2027.
- Shares will be purchased through the TSX, NYSE, and/or alternative trading systems and then cancelled.
- Daily purchases on the TSX are limited to 25% (693,233 shares) of the average daily trading volume.
- Pembina's prior NCIB, expiring May 15, 2026, resulted in no common shares being repurchased.