The Bank of Nova Scotia said the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved an amendment to its normal course issuer bid that raises the number of common shares it may buy for cancellation from 15 million to 40 million. The amended amount represents approximately 3.25 per cent of the 1,231,433,660 common shares issued and outstanding as of March 24, 2026, and the amendment takes effect October 6, 2026. Scotiabank had purchased 13,044,315 common shares under the current bid as of August 31, 2026, and no other terms of the bid were changed. The bid runs until the earlier of the bank buying the maximum number of shares allowed, giving notice of termination, or April 6, 2027, with daily purchases limited to 1,114,002 common shares based on an average daily trading volume of 4,456,008 shares over the six months before the bid began. Purchases may be made on the open market through the TSX, the New York Stock Exchange and other designated venues, and the bank's automatic repurchase plan established April 7, 2026, under which Scotia Capital Inc. acts as broker, will be amended to reflect the higher maximum.
Bank of Nova ScotiaScotiabank amended its buyback to repurchase up to 40 million common shares, up from 15 million, a shareholder-return/capital event.
