05:44 PM EDT, 09/26/2024 (MT Newswires) -- Ovintiv ( OVV ) disclosed regulatory approvals late Thursday to renew its share buyback program to repurchase 10% of its public float as of Sept. 20.

The program, which returns at least 50% of non-GAAP free cash flow to shareholders after base dividend, said the Toronto Stock Exchange accepted the renewal of its normal course issuer bid to purchase up to about 25.9 million common shares over the next 12 months ending Oct. 2, 2025.

Ovintiv ( OVV ) also renewed its automatic share purchase plan that allows it to purchase common shares under the normal course issuer bid when it is ordinarily not permitted to purchase shares due to regulatory restrictions and self-imposed blackout periods.

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