Nutrien renews share repurchase programme

Published by Nicholas Woodroof, Editor
World Fertilizer, Thursday, 21 February 2019 12:34

Nutrien Ltd’s Board of Directors have approved the purchase of up to 5% of Nutrien’s outstanding common shares over a one-year period through a normal course issuer bid (NCIB).

Any purchases will commence following the expiration of the current NCIB on 22 February 2019, and will be subject to acceptance by the Toronto Stock Exchange of the company’s notice to renew its NCIB.

"Nutrien’s strong balance sheet and cash flow provide a significant opportunity to enhance shareholder value. We repurchased 7% of our outstanding shares over the past twelve months and today’s announcement reflects our ability to continue to return meaningful cash to shareholders," commented Chuck Magro, Nutrien's President and CEO.

Read the article online at: https://www.worldfertilizer.com/phosphates/21022019/nutrien-renews-share-repurchase-programme/

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