Nutrien Announces TSX Approval for Its Renewed Share Repurchase Program

Executive Summary

• Nutrien announced that the Toronto Stock Exchange has accepted its notice to commence a new NCIB, allowing repurchase of up to 5% of outstanding common shares (≈24.06 million shares).
• The bid may begin on March 3 2026 and run until the earlier of March 2 2027, the maximum share limit being reached, or a decision to stop purchases.
• Under the prior NCIB, Nutrien had already repurchased 8.71 million shares at a weighted‑average price of US$58.56, costing US$510.0 million.

Key Details

• Maximum Shares Permitted: Up to 24,057,066 common shares (5% of the 481,141,322 shares outstanding as of Feb 17 2026).
• Purchase Methods: Open‑market purchases at market price, private agreements (potential discount), and other permitted means under TSX/Rule 10b‑18.
• Daily Purchase Limit: No more than 25% of the average daily trading volume on the TSX for the six‑month period Aug 1 2025 – Jan 31 2026 (i.e., ≤ 430,107 shares per day).
• Automatic Purchase Plan: Nutrien has an automatic plan with a broker to execute purchases during self‑imposed blackout periods.
• Bid Timeline: Purchases may commence March 3 2026 and expire on the earlier of March 2 2027, reaching the share limit, or company discretion to cease repurchases.
• Prior NCIB Summary: Expiring March 2 2026; 8,708,901 shares repurchased at a weighted‑average price of US$58.56 per share for total proceeds of US$510,031,461.

Notable Quotes

(No direct quotes were included in the release.)