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West Fraser Announces Renewal of Normal Course Issuer Bid
West Fraser will repurchase up to 3.8 million shares, about 5% of outstanding shares, to return capital to shareholders and mitigate undervaluation risks.
- The TSX accepted West Fraser's notice to renew its NCIB, scheduled to start on March 24, 2026, and run until March 23, 2027, the company said in Vancouver.
- Management described the repurchases as an appropriate use of available funds, noting the NCIB aims to return capital to shareholders when shares are undervalued and includes forward-looking statements with no assurance of realization.
- Under the renewed plan, West Fraser may purchase up to 3,800,917 shares, about 5% of the 76,018,344 shares issued and outstanding as at March 10, 2026, replacing its prior NCIB.
- All repurchased shares will be cancelled, and purchases must comply with TSX rules and Rule 10b-18 under the Exchange Act, with West Fraser setting timing and may end the NCIB early, subject to regulatory requirements.
- The company plans to use an automatic purchase plan with a broker to permit purchases during self-imposed blackout periods, and repurchases may occur on the TSX, NYSE and alternative trading systems or by private agreement under exemption orders.
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42 Articles
42 Articles
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The Courier-Tribune+32 Reposted by 32 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 Sources42
Leaning Left12Leaning Right5Center11Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 39%
R 18%
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