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Dollarama Renews Share Buyback Program for 2026

Dollarama Inc. has secured approval from the Toronto Stock Exchange to initiate a new normal course issuer bid, authorizing the retailer to repurchase up to 13.5 million common shares. This buyback program, representing 5% of the company's outstanding stock, is set to run from July 7, 2026, through July 6, 2027.

The Montréal-based corporation intends to utilize these repurchases as a primary component of its capital allocation strategy, aiming to enhance overall shareholder value. Under the terms of the authorization, Dollarama is permitted to acquire up to 177,155 shares daily through the TSX, calculated based on the average trading volume observed during the first half of 2026. Beyond open market transactions, the company maintains the flexibility to execute private agreements or specific repurchase programs as permitted by securities regulators.

To ensure continuity in its purchasing activity, Dollarama is entering into an automatic securities purchase plan with a designated broker. This arrangement allows the company to continue buying back shares during self-imposed trading blackout periods or other times when standard market purchases might be restricted. All shares acquired under the program will either be cancelled or held in trust to satisfy obligations related to the company's performance share unit plan. This latest initiative follows a previous buyback period, ending July 6, 2026, during which Dollarama repurchased approximately 6.8 million shares at a weighted average price of $183.90.

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