Stocks in play: Bombardier Inc.
Confirmed today that its previously announced new normal course issuer bid will commence on May 23, 2023, following the early termination of its current normal course issuer bid. The Toronto Stock Exchange has approved Bombardier to purchase, from May 23, 2023 to May 22, 2024, up to 600,000 of its Class B shares (subordinate voting) under the NCIB, representing approximately 0.72% of the 82,986,942 Class B shares (subordinate voting) issued and outstanding as of May 10, 2023 (such number being net of 3,704,417 Class B shares (subordinate voting) held in the Employee Benefit Trust (as defined hereinafter) as of May 10, 2023). Bombardier Inc. shares T.BBD.B are trading up $2.31 at $60.22.
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