Scotiabank stock: Buyback authorization rises to 40 million shares
Published on 10/06/2026 at 20:20 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWS
Scotiabank’s amended normal course issuer bid becomes effective October 6, 2026, according to a Newswire.ca release dated October 2, 2026.
Expanded repurchase authorization
The Bank of Nova Scotia, which trades as BNS on the Toronto Stock Exchange and the New York Stock Exchange, said the amended bid increases the maximum number of common shares it may purchase for cancellation to 40 million from 15 million. The revised authorization represents approximately 3.25 percent of the 1,231,433,660 common shares outstanding as of March 24, 2026.
Program terms
As of August 31, 2026, the bank had purchased 13,044,315 common shares under its current normal course issuer bid. The amended program is scheduled to continue until the earliest of the bank reaching the maximum number of shares, providing notice of termination, or April 6, 2027.
Purchases may be made through the facilities of the TSX, the NYSE and other designated exchanges or alternative Canadian trading systems. Shares purchased under the bid will be cancelled. The bank said its automatic repurchase plan, established on April 7, 2026, will be amended to reflect the higher maximum.
