06:24 AM EDT, 05/27/2025 (MT Newswires) -- Scotiabank (BNS) said Tuesday it plans to repurchase up to 20 million common shares, representing about 1.6% of its outstanding stock, pending regulatory approval.

The bank said it intends to begin the normal course issuer bid on or around May 30 and continue through May 29, 2026, unless completed earlier.

The company said shares may be acquired on the TSX and other Canadian trading platforms at prevailing market prices.

The bank added that the buyback plan aims to enhance capital management flexibility and shareholder returns.

Scotiabank said it may also purchase shares through private transactions or exemptive relief orders, which typically involve discounts to the market price.