BRP Inc., a global leader in powersports, has announced the Toronto Stock Exchange’s approval to renew its normal course issuer bid (NCIB), allowing the company to repurchase up to 3,331,852 subordinate voting shares over the next twelve months. This represents approximately 10% of the public float and is seen as a strategic move to enhance shareholder value.
Toyota Motor Corporation has announced an increase in its share buyback program, raising the total to $8.31 billion. This move signifies the company’s confidence in its stock price and market conditions. The share repurchase program aims to buy back up to 530 million shares, representing 3.93% of outstanding shares, excluding treasury shares. Toyota’s share buyback plan underscores its strategy to manage its shareholdings and navigate the current market environment.
SiriusXM Holdings Inc. (SIRI) announced its new phase as an independent public company with a streamlined capital structure and a focus on ongoing success. The company reiterated its full-year 2024 revenue and adjusted EBITDA guidance and launched a $1.66 billion stock repurchase authorization.
On April 26, 2024, Intercontinental Hotels Group PLC (IHG) purchased 20,000 ordinary shares on the London Stock Exchange. The transactions were executed through Goldman Sachs International (GSI) at an average price of £80.5197 per share. This purchase was made under the authority granted at the Annual General Meeting on May 5, 2023, and executed based on instructions from the Company on February 20, 2024. The company plans to cancel the acquired shares, leaving a total of 162,982,648 ordinary shares outstanding (excluding 7,006,782 held in treasury).
