financetom
Business
financetom
/
Business
/
Gibson Energy Renews Normal Course Issuer Bid
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gibson Energy Renews Normal Course Issuer Bid
Sep 16, 2025 7:33 AM

10:10 AM EDT, 09/16/2025 (MT Newswires) -- Gibson Energy ( GBNXF ) Tuesday said the Toronto Stock Exchange (TSX) accepted its notice of intention to start its Normal Course Issuer Bid (NCIB) for an additional one-year period.

The company can now buy back and cancel up to 7.5% or 10.2 million of the public float for the issued and outstanding common shares as of Sep. 15, over the next 12 months starting Sept. 18. Gibson had 163.8 million common shares issued and outstanding as of Monday.

The bid will cancel on the earlier of Sept. 17, 2026, or the date by which the maximum number of common shares that can be acquired under the NCIB have been bought. The company has also renewed its automatic purchase plan with its broker, BMO Nesbitt Burns, to facilitate purchases of its common shares.

Shares of the company were last seen up 0.6% at $26.34 on the TSX.

Price: 26.43, Change: +0.24, Percent Change: +0.92

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved