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Trisura Group Ltd. Announces Renewal of Normal Course Issuer Bid
Globenewswire· 2025-12-04 21:26
Core Viewpoint - Trisura Group Ltd. has announced its intention to renew its Normal Course Issuer Bid (NCIB) to repurchase up to 1,427,012 common shares, representing approximately 3% of its issued and outstanding shares, to offset dilution from equity incentive programs and return capital to shareholders [1][2][4]. Group 1: NCIB Details - The NCIB will commence on December 9, 2025, and end on December 8, 2026, allowing Trisura to purchase shares at market prices or other permitted prices [2][5]. - Trisura Group had previously received approval to purchase up to 1,433,371 common shares under its previous NCIB, which expires on December 5, 2025 [3]. - The company has not repurchased any common shares in the last twelve months [3]. Group 2: Share Purchase Plan - An automatic share purchase plan is intended to be established around December 9, 2025, allowing for share purchases during internal trading black-out periods [6]. - All shares acquired under the NCIB will be cancelled or purchased by a non-independent trustee as per Trisura's escrowed stock plan [5]. Group 3: Company Overview - Trisura Group Ltd. operates as a specialty insurance provider in various business lines, including Surety, Warranty, Corporate Insurance, and Fronting, primarily in Canada and the United States [7].