06:43 AM EDT, 05/28/2025 (MT Newswires) -- The Bank of Nova Scotia ( BNS ) on Wednesday said it has received approval from the TSX and Office of the Superintendent of Financial Institutions for a normal course issuer bid to buy up to 20 million of its common shares.

The repurchase amount represents approximately 1.6% of the 1.25 billion common shares issued and outstanding as of May 23.

Purchases under the bid will start May 30, 2025, and end May 29, 2026, or upon completion of the purchases. Scotiabank will pay the market price of the shares at the time of acquisition. Common shares purchased under the bid will be cancelled.

Scotiabank's share price at last look gained 0.5% to US$52.99 in U.S. pre-market trading on Wednesday.