CAE Inc. announced on June 6, 2025, that it has received regulatory approval to renew its normal course issuer bid (NCIB). This program allows CAE to purchase, for cancellation, up to 16,019,294 of its common shares, representing approximately 5% of its issued and outstanding shares.
The renewed NCIB will commence on June 10, 2025, and conclude on June 9, 2026. Purchases will be executed through the Toronto Stock Exchange, New York Stock Exchange, or other permitted trading platforms, with an automatic repurchase plan agreement in place to facilitate purchases during blackout periods.
The Board of Directors believes that purchases made under the NCIB are in the best interest of CAE and will enhance shareholder value. Under the previous NCIB, which expired on May 29, 2025, CAE repurchased 856,230 common shares for a total consideration of $21.3 million.
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