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West Fraser Announces Renewal of Normal Course Issuer Bid
West Fraser plans to repurchase up to 3.8 million shares, about 5% of outstanding shares, starting March 24 to return capital to shareholders, with all repurchased shares cancelled.
- On March 19, 2026 West Fraser Timber Co. Ltd. said the TSX accepted its notice to renew an NCIB, allowing repurchase of up to 3,800,917 Shares, all of which will be cancelled.
- The Company says the NCIB aims to return capital to shareholders, with management stating repurchases are an appropriate use of available funds after the prior NCIB expired on March 2, 2026.
- Purchases may occur on the TSX, NYSE, or eligible alternative trading systems, or by private agreement under issuer bid exemptions, the Company said.
- The Company said the NCIB will commence on March 24, 2026, and is scheduled to end on March 23, 2027, although it can be terminated earlier.
- Actual repurchases will depend on future price movements and other factors, with forward-looking statements and an average daily trading volume 707,870 shaping trading constraints.
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The Courier-Tribune+29 Reposted by 29 other sources
West Fraser Announces Renewal of Normal Course Issuer Bid
VANCOUVER, BC, March 19, 2026 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today that the Toronto Stock Exchange ("TSX") has accepted West Fraser's notice to renew its normal course issuer…
Coverage Details
Total News Sources31
Leaning Left5Leaning Right4Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 26%
C 53%
R 21%
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