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Chorus Aviation Signs Automatic Share Purchase Plan for Normal Course Issuer Bid
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Chorus Aviation Signs Automatic Share Purchase Plan for Normal Course Issuer Bid
May 27, 2025 6:12 AM

08:51 AM EDT, 05/27/2025 (MT Newswires) -- Chorus Aviation ( CHRRF ) on Tuesday said it signed an automatic share purchase plan with a broker to facilitate purchases of its Class A variable voting shares and Class B voting shares under its normal course issuer bid (NCIB) announced on November 6, 2024.

The company said that share purchases under the NCIB were suspended during the period of its substantial issuer bid which expired on May 20 and that it now plans to resume buying shares under the NCIB. Chorus can purchase for cancellation up to 1.3 million shares between now and November 13 as part of the NCIB.

The automatic share purchase plan will allow the purchase of shares during trading blackout periods, subject to certain parameters such as price and number of shares. Outside of blackout periods, shares may also be repurchased at management's discretion, subject to applicable law.

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