TSX Approves Propel Buyback of Up to 2.9 Million Shares

Propel may repurchase as many as 2.9 million shares over the next 12 months after the Toronto Stock Exchange accepted the Canadian fintech company’s normal course issuer bid, which runs through Nov. 16, 2027.

November 13, 2026, 02:53 PM 525 0

TSX Approves Propel Buyback of Up to 2.9 Million Shares

The plan covers about 10% of Propel’s public float. The company said Friday it had received the exchange’s approval to proceed.

Propel shares last closed at C$26.71 ($18.74), up 7.1% year to date and 23% over the past 12 months.

Under its previous normal course issuer bid, which expired Friday, Propel bought 12,000 of the roughly 2.7 million shares it had been authorized to repurchase.

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