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BURNABY, BC, Aug. 29, 2024 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") (TSX: TBL) announces that the Toronto Stock Exchange (the "TSX") has accepted Taiga's notice of intention to make a new normal course issuer bid (the "2024NCIB") for its common shares (Trading Symbol: TBL) (the "Common Shares") through the facilities of the TSX or any other Canadian alternative trading system and renew Taiga's normal course issuer bid program that expires on August 30, 2024. On September 4, 2024, Taiga may commence making purchases, from time to time, up to a maximum of 5,397,226 of its 107,944,523 outstanding Common Shares as at August 21, 2024, representing 5% of the outstanding Common Shares. The actual number of Common Shares which may be purchased pursuant to the 2024 NCIB will be determined by the Company. The 2024 NCIB will terminate on September 3, 2025 or earlier if Taiga has completed its purchases of the securities subject to the 2024 NCIB. In connection with the 2024 NCIB, the Company has entered into an automatic share purchase plan (an "ASPP") with its designated broker to allow for purchases of its Common Shares.
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