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Bombardier Announces April 3, 2025 as the Start of its New Normal Course Issuer Bid

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Bombardier (BDRBF) has announced its new normal course issuer bid (NCIB) starting April 3, 2025. The Toronto Stock Exchange has approved the company to purchase up to 600,000 Class A shares (4.86% of outstanding) and 4,300,000 Class B subordinate voting shares (5% of outstanding) through April 2, 2026.

The purchased shares will be either cancelled to offset stock option dilution, used for employee benefit plans, or cancelled for capital position management. Purchases will be made through the TSX at prevailing market prices, with daily limits of 3,552 Class A shares and 119,826 Class B shares. Under the previous 2024 NCIB, Bombardier purchased 608,907 Class B shares at an average price of $94.63 for stock option and incentive plans management.

Bombardier (BDRBF) ha annunciato il suo nuovo programma di acquisto normale di azioni (NCIB) che inizierà il 3 aprile 2025. La Borsa di Toronto ha approvato l'azienda per acquistare fino a 600.000 azioni di Classe A (4,86% del totale) e 4.300.000 azioni di Classe B subordinate (5% del totale) fino al 2 aprile 2026.

Le azioni acquistate saranno annullate per compensare la diluizione delle opzioni azionarie, utilizzate per piani di benefit per i dipendenti, o annullate per la gestione della posizione di capitale. Gli acquisti saranno effettuati tramite la TSX a prezzi di mercato prevalenti, con limiti giornalieri di 3.552 azioni di Classe A e 119.826 azioni di Classe B. Sotto il precedente NCIB del 2024, Bombardier ha acquistato 608.907 azioni di Classe B a un prezzo medio di $94,63 per la gestione delle opzioni azionarie e dei piani di incentivazione.

Bombardier (BDRBF) ha anunciado su nueva oferta normal de compra de acciones (NCIB) que comenzará el 3 de abril de 2025. La Bolsa de Valores de Toronto ha aprobado a la empresa para comprar hasta 600.000 acciones Clase A (4,86% del total) y 4.300.000 acciones Clase B subordinadas (5% del total) hasta el 2 de abril de 2026.

Las acciones compradas serán canceladas para compensar la dilución de las opciones sobre acciones, utilizadas para planes de beneficios para empleados, o canceladas para la gestión de la posición de capital. Las compras se realizarán a través de la TSX a precios de mercado vigentes, con límites diarios de 3.552 acciones Clase A y 119.826 acciones Clase B. Bajo la anterior NCIB de 2024, Bombardier compró 608.907 acciones Clase B a un precio promedio de $94,63 para la gestión de opciones sobre acciones y planes de incentivos.

Bombardier (BDRBF)는 2025년 4월 3일부터 시작되는 새로운 정상적인 주식 매입 제안(NCIB)을 발표했습니다. 토론토 증권 거래소는 회사가 600,000주 A 클래스 주식 (발행 주식의 4.86%) 및 4,300,000주 B 클래스 종속 투표 주식 (발행 주식의 5%)를 2026년 4월 2일까지 매입할 수 있도록 승인했습니다.

구매된 주식은 주식 옵션 희석을 상쇄하기 위해 취소되거나, 직원 복리후생 계획에 사용되거나, 자본 관리 목적으로 취소될 것입니다. 매입은 TSX를 통해 현재 시장 가격으로 이루어지며, 일일 한도는 A 클래스 주식 3,552주와 B 클래스 주식 119,826주입니다. 2024년 이전 NCIB에 따라 Bombardier는 주식 옵션 및 인센티브 계획 관리를 위해 평균 가격 $94.63에 608,907주 B 클래스를 구매했습니다.

Bombardier (BDRBF) a annoncé son nouveau programme normal d'achat d'actions (NCIB) qui débutera le 3 avril 2025. La Bourse de Toronto a approuvé l'entreprise pour acheter jusqu'à 600.000 actions de Classe A (4,86 % du total) et 4.300.000 actions de Classe B subordonnées (5 % du total) jusqu'au 2 avril 2026.

Les actions achetées seront soit annulées pour compenser la dilution des options d'achat d'actions, utilisées pour des plans de rémunération des employés, ou annulées pour la gestion de la position de capital. Les achats seront effectués par l'intermédiaire de la TSX aux prix du marché en vigueur, avec des limites quotidiennes de 3.552 actions de Classe A et 119.826 actions de Classe B. Dans le cadre du précédent NCIB de 2024, Bombardier a acheté 608.907 actions de Classe B à un prix moyen de 94,63 $ pour la gestion des options d'achat d'actions et des plans d'incitation.

Bombardier (BDRBF) hat sein neues reguläres Aktienrückkaufangebot (NCIB) angekündigt, das am 3. April 2025 beginnt. Die Toronto Stock Exchange hat das Unternehmen genehmigt, bis zu 600.000 Stammaktien der Klasse A (4,86% des ausstehenden Kapitals) und 4.300.000 Stammaktien der Klasse B (5% des ausstehenden Kapitals) bis zum 2. April 2026 zu kaufen.

Die gekauften Aktien werden entweder annulliert, um die Verwässerung von Aktienoptionen auszugleichen, für Mitarbeiterbeteiligungspläne verwendet oder zur Kapitalpositionierung annulliert. Die Käufe werden über die TSX zu den aktuellen Marktpreisen getätigt, mit täglichen Limits von 3.552 Stammaktien der Klasse A und 119.826 Stammaktien der Klasse B. Im Rahmen des vorherigen NCIB 2024 kaufte Bombardier 608.907 Stammaktien der Klasse B zu einem Durchschnittspreis von 94,63 $ zur Verwaltung von Aktienoptionen und Anreizprogrammen.

Positive
  • Company implementing share buyback program to manage capital and create shareholder value
  • Substantial buyback capacity of up to 4.9 million total shares
  • Previous NCIB program successfully executed with average purchase price of $94.63 per share
Negative
  • Share purchases may dilute company's cash position
  • Actual share repurchases dependent on market conditions and company discretion

MONTREAL, April 01, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) (“Bombardier” or the “Corporation”) confirmed today that its new normal course issuer bid (the “NCIB”) will commence on April 3, 2025. The Toronto Stock Exchange (the “TSX”) has approved purchases of, from April 3, 2025 to April 2, 2026, up to 600,000 of its Class A shares (multiple voting) (“Class A shares”), representing approximately 4.86% of the 12,349,278 Class A shares issued and outstanding as of March 23, 2025, and up to 4,300,000 of its Class B shares (subordinate voting) (“Class B subordinate voting shares”), representing approximately 5% of the 86,045,894 Class B subordinate voting shares issued and outstanding as of March 23, 2025 (such number being net of 1,622,807 Class B subordinate voting shares held in the Trust Account (as defined hereinafter) as of February 28, 2025).

Class A shares and Class B subordinate voting shares purchased under the NCIB will either be (a) cancelled to mitigate the dilutive effect of granting stock options under the Corporation’s stock option plan, which are settled with shares issued from treasury, (b) made for the account, and on behalf, of Computershare Trust Company of Canada, as trustee for an employee benefit plans trust account (the “Trust Account”), and used to settle the Corporation’s obligations under its employee share-based incentive plans, including its performance share unit plan and its restricted share unit plan (together with (a), “Stock Option and Incentive Plans Grants Management”), or (c) cancelled in order to manage the Corporation’s capital position while generating value for its shareholders.

The NCIB will be conducted through the facilities of the TSX or alternative Canadian trading systems, or by exempt offers, private agreements or block purchases. Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be at the prevailing market price at the time of acquisition (plus any brokerage fees). In the event Class A shares or Class B subordinate voting shares are purchased by exempt offers, block purchases or private agreements, the purchase price of such shares may be, and will be in the case of purchases by private agreement, at a discount to the market price of such shares at the time of acquisition, all as may be permitted by the securities regulatory authorities.

The average daily trading volume of the Class A shares and Class B subordinate voting shares on the TSX for the six-month period ended February 28, 2025 was 14,210 Class A shares and 479,307 Class B subordinate voting shares. Under TSX rules, a maximum daily purchase of 25% of this average may be made under the NCIB, representing 3,552 Class A shares and 119,826 Class B subordinate voting shares. In excess of such daily purchase limits, it is also permitted to purchase, once a week, a block of Class A shares and/or a block of Class B subordinate voting shares not owned by an insider, which may exceed such daily limit, in accordance with the TSX requirements.

Transactions under the NCIB will depend on future market conditions. Bombardier retains discretion as to whether purchases should be made under the NCIB, and to determine the timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX and other regulatory requirements.

Bombardier will be entering into an automatic share purchase plan in connection with its NCIB that contains parameters regarding how its Class A shares and Class B subordinate voting shares may be purchased during times when it would ordinarily not be permitted to purchase such shares due to regulatory restrictions or self-imposed blackout periods. The automatic share purchase plan has been pre-cleared by the TSX and will be implemented effective as of April 3, 2025.

Bombardier believes that purchases of Class A shares and Class B subordinate voting shares under the NCIB from time to time at the prevailing market price is an effective strategy for the purpose of Stock Option and Incentive Plans Grants Management and, where deemed advisable, to provide flexibility to manage the Corporation's capital position while generating value for shareholders. Decisions on timing of purchases under the NCIB, and whether to purchase Class A shares versus Class B subordinate voting shares, will depend upon a number of factors and considerations, including changes in the market price of the two classes of shares.

In the past 12 months, 608,907 Class B subordinate voting shares were purchased by way of a normal course issuer bid that commenced on April 3, 2024 and will end April 2, 2025 (the “2024 NCIB”). Bombardier had sought and obtained the TSX’s approval for purchases of up to 1,750,000 Class B subordinate voting shares under the 2024 NCIB. Class A shares were not included in the 2024 NCIB. All purchases under the 2024 NCIB were made through the facilities of the TSX or alternative Canadian trading systems at the prevailing market price at the time of acquisition (plus any brokerage fees). The weighted average price paid per Class B Share under the 2024 NCIB was $94.63 (excluding brokerage fees). All shares purchased under the 2024 NCIB were used for the purpose of Stock Option and Incentive Plans Grants Management.

FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are forward-looking statements based on current expectations, which may involve, but are not limited to: Bombardier’s intentions regarding the NCIB; the TSX’s approval of the NCIB; the cancellation of Class A shares or Class B subordinate voting shares; the use of Class A shares or Class B subordinate voting shares deposited in the Trust Account; and Bombardier’s belief that purchases of Class A shares and Class B subordinate voting shares from time to time at the prevailing market price is an effective strategy for the purpose of Stock Option and Incentive Plans Grants Management and to provide flexibility to manage the Corporation's capital position while generating value for shareholders.

By their nature, forward-looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. Please refer to the “Forward-Looking Statements” disclaimer contained in Bombardier’s most recent published financial report for additional details.


About Bombardier

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards but understanding customers well enough to anticipate their unspoken needs. 

For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.    

For Information

For corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s initiative to cover all its flight operations with a blend of Sustainable Aviation Fuel (SAF) utilizing the Book-and-Claim system visit  bombardier.com.

Learn more about Bombardier’s industry-leading products and customer service network at bombardier.com. Follow us on X @Bombardier.

Media Contacts 

General media contact webform

Francis Richer de La Flèche
Vice President, Financial Planning
and Investor Relations
Bombardier
+1 514 240 9649
Mark Masluch
Senior Director, Communications
Bombardier
+1 514 855 7167


Bombardier 
is a registered trademark of Bombardier Inc. or its subsidiaries. 


FAQ

What is the maximum number of shares Bombardier (BDRBF) can purchase under the new NCIB program?

Bombardier can purchase up to 600,000 Class A shares (4.86% of outstanding) and 4,300,000 Class B subordinate voting shares (5% of outstanding).

When does Bombardier's (BDRBF) new share buyback program start and end?

The new NCIB program runs from April 3, 2025 to April 2, 2026.

How many Class B shares did Bombardier (BDRBF) purchase under the 2024 NCIB program?

Bombardier purchased 608,907 Class B subordinate voting shares at an average price of $94.63 under the 2024 NCIB.

What are the daily purchase limits for Bombardier's (BDRBF) new share buyback program?

The daily purchase limits are 3,552 Class A shares and 119,826 Class B subordinate voting shares.

How will Bombardier (BDRBF) use the shares purchased under the new NCIB?

Purchased shares will be cancelled to offset stock option dilution, used for employee benefit plans, or cancelled for capital position management.
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