Accordingly, under the Toronto Stock Exchange Requirements, the Corporation is entitled on any trading day to purchase up to 98,156 Common Shares subject to the Toronto Stock Exchange Requirements regarding block purchases. Repurchases will be made through the facilities of the Toronto Stock Exchange at market price, by its policies and regulations, or through the facilities of alternative Canadian and American trading systems as well as by other means as may be permitted by a securities regulatory authority, including by private agreements. The Common Shares so repurchased will be cancelled. Purchases made by way of private agreements under an issuer bid exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price as provided in the exemption order.
Under the existing normal course issuer bid program, which is for the period from November 25, 2021 to November 24, 2022, the Corporation repurchased 7,000,000 Common Shares, which represents the totality of the Common Shares the Corporation was authorized to repurchase, at a weighted average price of $68.81 per share for a total of $481.7 million. Repurchases were made through the facilities of the Toronto Stock Exchange at market price, in accordance with its policies and regulations, and through the facilities of alternative trading systems.
