VersaBank’s normal course issuer bid receives TSX approval

VersaBank (VBNK) has received approval from the Toronto Stock Exchange, or TSX, to proceed with a Normal Course Issuer Bid for its common shares. Pursuant to the NCIB, VersaBank may purchase for cancellation up to 2M of its common shares representing approximately 8.99% of its public float. As of April 21, the public float comprised 22,237,283 common shares and there were 32,518,786 issued and outstanding Common Shares in total. The average daily trading volume of VersaBank’s Common Shares on the TSX for the six months of October 1, 2024 – March 31, 2025 was 37,761 shares. Daily purchases under the NCIB will be limited to 25% of the ADTV, which is 9,440 common shares. The purchases may commence on April 30, 2025 and will terminate on April 29, 2026, or such earlier date as VersaBank may complete its purchases pursuant to the NCIB. All shares purchased under the NCIB will be cancelled.