Nutrien Ltd. NTR disclosed that the Toronto Stock Exchange (TSX) approved its intention to initiate a normal course issuer bid (NCIB) for the buyback of outstanding common shares, representing up to 5% of its issued and outstanding common shares.
The NCIB allows Nutrien to buy back common shares through various platforms, such as the TSX, NYSE, and alternative trading systems in Canada and the United States, in accordance with applicable securities laws. Nutrien will determine the actual number of common shares to be repurchased and the timing of such transactions.
The company views purchasing its common shares as a favorable investment opportunity aligned with its objective of returning capital to shareholders over time and in the best interest of the company. As of Feb 16, 2024, Nutrien had 494,563,180 common shares outstanding, enabling it to repurchase up to 24,728,159 outstanding common shares under the NCIB, all of which will be…
