Enbridge Inc. (TSX:ENB) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 27,938,163 shares, representing 1.38% of its issued share capital, for CAD 1,500 million. The shares repurchased under the bid will be cancelled.

The bid will expire on January 5, 2024, or such earlier date on which the company has either acquired the maximum number of common shares allowable under the bid or otherwise decides not to make any further repurchases under the bid. As of December 23, 2022, the company had 2,024,890,423 shares issued and outstanding.