Pembina Pipeline Corp. (TSE:PPL) has released an update.
Pembina Pipeline Corporation has been authorized by the Toronto Stock Exchange to repurchase up to 5% of its common shares, aligning with the belief that their market price doesn’t fully reflect the company’s value. The buyback program, which allows for the cancellation of the purchased shares, is set to run from May 16, 2024, until May 15, 2025, or until the maximum share repurchase limit is reached. Pembina’s strategy for the buyback will consider several financial factors and is facilitated by an automatic purchase plan during blackout periods.
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