Power Corporation of Canada announces an Equity Buyback for 25,000,000 shares, representing 4.2% of its issued share capital.

Power Corporation of Canada (TSX:POW) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 25,000,000 subordinate voting shares, representing 4.2% of its issued shares. Any of the shares repurchased by the company pursuant to the bid will be cancelled.

The bid will be funded using company's existing cash resources. The bid will expire on the earlier of February 28, 2025, and the completion of purchases under the bid. As of February 16, 2024, the company had 595,686,962 subordinate voting shares issued and outstanding.