TORONTO and BARBADOS, June 20, 2024 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor Financial" or "Sagicor" or the "Company") today announced that the Toronto Stock Exchange (the "TSX") has accepted Sagicor's notice of intention to renew its normal course issuer bid ("NCIB") through which Sagicor may purchase up to 8,951,359 of Sagicor's common shares (the "NCIB Shares") during the 12-month period commencing June 24, 2024 and ending June 23, 2025. The number of shares authorized for purchase represents 10 percent of the public float. Sagicor had 141,151,614 issued and outstanding common shares ("Common Shares") as of June 12, 2024. Under the NCIB, purchases may be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems at the market price at the time of acquisition, as well as by other means as may be permitted by TSX rules and applicable securities laws. However, Sagicor may establish a maximum price and/or maximum block trade size from time to time.
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