Cineplex renews share buyback program

Cineplex has received approval from the Toronto Stock Exchange to extend its normal course issuer bid (NCIB), allowing it to buy back up to 6.29 million shares, representing 10% of its public float.

The share repurchase program is set to start on August 26, 2025, and will run until August 25, 2026, with all acquired shares slated for cancellation.

The funding for the share buyback will come from Cineplex's available cash reserves, indicating the company's financial flexibility and confidence in its outlook.

Recommendation Rating: Positive Outlook for Cineplex

Cineplex (TSX: CGX:CA) has successfully obtained approval from the Toronto Stock Exchange (TSX) to extend its normal course issuer bid (NCIB). Under this renewed program, the company has the authorization to buy back up to 6.29 million common shares, which constitutes 10% of its public float. As of August 14, 2025, Cineplex had a total of 63.44 million shares outstanding.

The company plans to initiate these share repurchases on or about August 26, 2025, with the program slated to conclude on August 25, 2026. Importantly, any shares acquired through the NCIB will be canceled upon purchase. The funding for this buyback initiative will be sourced from Cineplex's available cash reserves.