newsfilter
← Latest News
GlobeNewswire·

Brookfield Business Corporation Announces Renewal of Normal Course Issuer Bid

  • Brookfield Business Corporation announced TSX acceptance of its intention to renew the normal course issuer bid for its class A subordinate voting shares.
  • At the close of business on August 7, 2026, there were 205,442,014 shares issued & outstanding.
  • The corporation is authorized to purchase up to 10,272,100 shares, representing 5% of the issued & outstanding shares as of August 7, 2026.
  • Daily purchase limits are capped at 33,379 shares, equal to 25% of the average daily trading volume of 133,517 shares recorded between March 31, 2026, & July 31, 2026.
  • Purchases are authorized to commence on August 19, 2026, & will terminate on August 18, 2027, or earlier if the total purchase limit is reached.
  • The corporation previously completed a prior bid for BBHC shares from August 19, 2025, to August 18, 2026, purchasing the maximum approved 3,499,836 shares at a weighted average price of US$32.98.
  • New share purchases will be executed via the TSX, NYSE, & alternative trading systems, with all acquired shares cancelled.
  • An automatic share purchase plan pre-cleared by the TSX will allow purchases during internal trading black-out periods, while other purchases remain subject to management discretion.
  • All activities comply with applicable U.S. federal securities laws, including Rule 10b-18, & Canadian securities laws.