05:55 AM EST, 11/10/2025 (MT Newswires) -- Cargojet ( CGJTF ) , which rose 2.5% on Friday, later that day said it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid for common voting shares and variable voting shares.

The NCIB is scheduled to run from Nov. 11, 2025, to Nov. 10, 2026. Purchases made under the NCIB will be made depending on favorable market conditions at the prevailing market price at the time of purchase.

Cargojet ( CGJTF ) will buy up to 1.4 million shares, representing about 9.5% of its outstanding public float or 9.3% of its outstanding shares as of Nov. 6.

Any shares purchased under the NCIB will be canceled.

The company's previous NCIB to repurchase up to 1.5 million shares commenced Nov. 11, 2024, and expires on Nov. 10, 2025. Cargojet ( CGJTF ) repurchased 774,513 shares for cancellation under the 2024 NCIB at a weighted average price of $101.75 per share.