Cineplex Announces Renewal of Normal Course Issuer Bid

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Postmedia has not reviewed the content. by GlobeNewswire Cineplex Announces Renewal of Normal Course Issuer BidAuthor of the article:TORONTO, Aug. 24, 2026 (GLOBE NEWSWIRE) — Cineplex Inc. (“Cineplex” or the “Company”), Canada’s leading entertainment and media company, announced today that the Toronto Stock Exchange has approved its notice of intention to renew its normal course issuer bid (“NCIB”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountUnder the NCIB, the Company is authorized to purchase for cancellation, as opportunities arise from time to time over the next 12 months, up to 6,251,893 common shares (the “Shares”), being equal to 10% of its public float of 62,518,933 Shares issued and outstanding as of August 14, 2026. As of August 14, 2026, there were a total of 63,002,834 Shares outstanding. Purchases under the NCIB will be made through the facilities of the Toronto Stock Exchange or through alternative Canadian trading systems and in accordance with applicable regulatory requirements at a price per Share equal to the market price at the time of acquisition. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 67,121 Shares (which is equal to 25% of 268,486 Shares, being the average daily trading volume during the six months ended July 31, 2026), in each case subject to Cineplex’s ability to make one block purchase of Shares per calendar week that exceeds such limits. All purchases of Shares under the NCIB will be made by the Company in accordance with the requirements of the Toronto Stock Exchange and an alternative Canadian trading system.Cineplex may begin to purchase Shares on or about August 26, 2026 and the bid will terminate on August 25, 2027 or such earlier time as the Company completes its purchases pursuant to the bid or provides notice of termination. Any Shares purchased under the NCIB will be cancelled upon their purchase. Cineplex intends to fund the purchases out of its available cash. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againIn connection with the NCIB, Cineplex has entered into an automatic share purchase plan (the “Plan”) with its designated broker that contains specified parameters regarding how its Shares may be purchased under the NCIB during times when the Company would ordinarily not be permitted to purchase Shares due to regulatory restrictions or self-imposed blackout periods. Cineplex may elect to suspend or discontinue its NCIB in accordance with certain conditions set forth in the Plan. The Plan will be effective as of August 26, 2026.Cineplex is renewing its NCIB because the board of directors believes that the repurchase of Shares would be in the best interests of the Company and its shareholders, and would represent an attractive and appropriate allocation of capital. Decisions regarding the amount and timing of future purchases of Shares will be based on market conditions, share price and other factors.Under its prior NCIB that commenced on August 26, 2025 and terminates on August 25, 2026, Cineplex previously sought and received approval from the TSX to repurchase up to 6,294,809 Shares. During and pursuant to its previously authorized NCIB, to date Cineplex has purchased an aggregate of 1,100,108 Shares through the facilities of the Toronto Stock Exchange and through alternative Canadian trading systems at a weighted-average price of C$10.9080 per Share.AboutCineplexCineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates successful businesses in cinema media (Cineplex Media), alternative programming (Cineplex Events) and motion picture distribution (Cineplex Pictures). Providing even more value for its guests, Cineplex is a partner in Scene+, Canada’s largest entertainment and lifestyle loyalty program.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Proudly recognized as having one of the country’s Most Admired Corporate Cultures, Cineplex employs over 10,000 people in its offices and venues across Canada. To learn more, visit Cineplex.com.Investor Relations contact:Mahsa RejaliVice President, Corporate Development & Investor Relations InvestorRelations@Cineplex.comMedia Relations contact:PressRoom@Cineplex.comCautionRegardingForward-LookingStatements:Certain statements and/or information in this news release (identified by words such as “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective” and “continue” (or the negative thereof)), and words and expressions of similar import, and similar expressions suggesting future events or future performance are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements and information concerning future purchases of Shares under the NCIB. Such forward-looking statements are based on expectations and assumptions made by Cineplex, and there is no assurance that any Shares will be purchased under the NCIB. By its nature, such forward-looking statements are subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned that undue reliance should not be placed on forward-looking statements as actual operations and results may vary materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. Cineplex does not undertake to update, correct or revise any forward-looking statements as a result of any new information, future events or otherwise, except as may be required by applicable law.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.