-- VersaBank (VBNK.TO, VBNK) received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB) for its common shares, it said Tuesday.
The company may buy back for cancellation up to 2-million of its common shares representing about 9.14% of its public float. As of April 16, the public float comprised of 21.9-million common shares and 32.2-million issued and outstanding common shares in total.
The purchases may start on April 30, 2026, and will cancel on April 29, 2027, or such earlier date as VersaBank may complete its purchases pursuant to the NCIB.
U.S.-listed shares of the company were last seen down 0.9% at US$18.10 in pre-market trading.