A
Normal Course Issuer Bid
Normal Course Issuer Bid - NCIB
Image 1 When a company buys back its own outstanding shares from the markets so they may cancel them. The amount the company may repurchase is subject to regulatory approval.
Image 2 A company will cancel the shares because is adds to the core value of the company rather than holding shares in itself which fluctuate day to day in the market.


Buyback

Outstanding Shares

Share Repurchase