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CIBC Secures TSX Approval for a Normal Course Issuer Bid
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CIBC Secures TSX Approval for a Normal Course Issuer Bid
Sep 6, 2024 1:35 PM

11:08 AM EDT, 09/06/2024 (MT Newswires) -- Canadian Imperial Bank of Commerce ( CM ) said Friday it received Toronto Stock Exchange approval to revive its normal course issuer bid.

The bank is allowed to buy back and cancel up to 20-million shares, or 2.1% of its outstanding shares.

The renewed plan takes effect on Sept.10 and runs for 12 months.

CIBC's previous normal course issuer bid expired on Dec. 12, 2022. It repurchased 1.8 million of an allowed 20-million shares under that program.

The bank's shares were last seen down $0.12 to $80.59.

Price: 80.43, Change: -0.28, Percent Change: -0.35

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