TORONTO, Jan. 19, 2018 /CNW/ - Royal Bank of Canada (RBC) ("RY" on TSX and NYSE) today
announced the completion of its share repurchase program (the
"Program"), as required by the conditions of the issuer bid
exemption order issued to RBC by the Ontario Securities Commission
on January 10, 2018, in respect of
the Program.
Under the Program agreement, between January 15, 2018 and January 19, 2018, RBC repurchased its own common
shares directly from a third party, subject to daily trading limits
and to an overall maximum of 3,500,000 common shares. The Program
formed part of RBC's normal course issuer bid announced on
March 9, 2017.
RBC purchased a total of 3,500,000 common shares under the
Program for an aggregate purchase price of $341.3 million. All common shares acquired under
the Program are cancelled upon purchase by RBC.
SOURCE Royal Bank of Canada