Teck receives approval for share buyback
The Toronto Stock Exchange has approved diversified miner Teck Resources’ share buy-back programme, approving a normal course issuer bid to purchase its Class B subordinate voting shares.
Under the normal course issuer bid, Teck may purchase up to 40-million Class B shares during the period, starting November 2, 2022, and ending November 1, 2023, representing 7.9% of the outstanding Class B shares, or 8.9% of the public float, as at October 21.
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