BRP ANNOUNCES THE RENEWAL OF ITS NORMAL COURSE ISSUER BID
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BRP Inc. has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 3,331,852 subordinate voting shares over the next year, representing about 10% of its public float.
December 06, 2024 | 1:15 pm
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BRP Inc. has received approval to renew its normal course issuer bid, allowing it to repurchase up to 10% of its public float over the next year. This move could positively impact the stock price by reducing the number of shares outstanding.
The renewal of the normal course issuer bid allows BRP to repurchase a significant portion of its shares, which can lead to a reduction in the number of shares outstanding. This often results in an increase in earnings per share and can positively influence the stock price. The approval by the TSX and the substantial percentage of the public float involved make this a significant event for investors.
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IMPORTANCE 80
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