Bank of Montreal announces intention to launch 20M shares repurchase program
Bank of Montreal announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions Canada, or OSFI, and the Toronto Stock Exchange, or TSX, to purchase, for cancellation, up to 20M of its common shares under a normal course issuer bid through the facilities of the TSX. Purchases may also be made through alternative Canadian trading systems or by such other means as may be permitted by a securities regulatory authority, including private agreements or share repurchase programs under exemption orders issued by securities regulatory authorities. Bank of Montreal intends to file a notice of intention with the TSX in this regard. The normal course issuer bid, subject to regulatory approvals, will commence on or around May 30 and will end on or around May 29, 2019.