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iA Financial Group Announces the Renewal of its Normal Course Issuer Bid
IAMGOLDIAMGOLD(US:IAG) Businesswireยท2025-11-04 22:19

Core Viewpoint - iA Financial Group has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the purchase of up to 4,607,178 common shares from November 14, 2025, to November 13, 2026, representing approximately 5% of its outstanding shares as of October 31, 2025 [1][4]. Summary by Sections Normal Course Issuer Bid (NCIB) - The current NCIB, expiring on November 13, 2025, allows for the repurchase of up to 4,694,894 common shares, with 2,089,000 shares already repurchased at an average price of approximately $140.2285 per share [2][3]. - Purchases will be made at market price through TSX and other trading systems, and all repurchased shares will be cancelled [3]. Shareholder Value - The board believes that repurchasing shares is a desirable use of available cash to enhance shareholder value [4]. Trading Volume and Purchase Limits - The average daily trading volume of the Corporation's shares was 265,608 over the last six months, allowing for a maximum purchase of 66,402 shares on any trading day under TSX rules [5]. Automatic Share Repurchase Plan - iA Financial Group has established an Automatic Share Repurchase Plan, pre-cleared by TSX, to facilitate share repurchases even during regulatory restrictions or blackout periods [6]. Additional Information - Shareholders can obtain documents related to the NCIB by contacting the Corporate Secretary of iA Financial Group [7].