MONTREAL, Oct. 16, 2017 /CNW Telbec/ - National Bank of
Canada (the "Bank") (NA) announces
today the completion of its share repurchase program (the
"Program"), as required by the conditions of the issuer bid
exemption order issued to the Bank by the Ontario Securities
Commission on October 4, 2017, in respect of the Program.
Under the Program agreement, on a continuous basis between
October 11, 2017 and October 16, 2017, the Bank repurchased common
shares of the Bank directly from a third party, subject to daily
trading limitations and to an overall maximum of 1,000,000 common
shares. The Program was included as part of the Bank's Normal
Course Issuer Bid announced on May
31st, 2017.
The Bank purchased an aggregate of 1,000,000 common shares under
the Program for an aggregate purchase price of $58,099,893.65. All common shares acquired under
the Program were cancelled upon purchase by the Bank.
About National Bank of Canada
With $240 billion in assets as at July 31, 2017, National Bank of
Canada, together with its
subsidiaries, forms one of Canada's leading integrated financial
groups. The Bank has more than 21,000 employees and is widely
recognized as a top employer. Its securities are listed on the
Toronto Stock Exchange (TSX: NA). Follow the Bank's activities
at nbc.ca or via social media such
as Facebook, LinkedIn and Twitter.
SOURCE National Bank of Canada