TMXXF - TMX Group to buy back up to 1% of outstanding stock via NCIB
- TMX Group ( TSX: X:CA ), which owns the Toronto Stock Exchange, on Friday announced a normal course issuer bid , under which it will buy back up to 560K of its shares for cancellation.
- This represents ~1% of the 55.7M shares outstanding on the Toronto Stock Exchange as of February 22.
- The purchases may start on March 6 and terminate on March 5, 2024.
- TMX ( X:CA ) purchased 560K of its shares for cancellation at a volume weighted average price of $132.76/share under its earlier NCIB, which expired on December 19, 2022.
- Earlier, TMX ( X:CA ) sought regulatory approval for a five-for-one stock split .
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TMX Group to buy back up to 1% of outstanding stock via NCIB