Pembina Pipeline Corporation announces an Equity Buyback for 28,976,578 shares, representing 5% of its issued share capital.

Pembina Pipeline Corporation (TSX:PPL) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 28,976,578 shares, representing 5% of its outstanding common shares. The shares purchased under the bid will be cancelled.

The bid will expire on May 15, 2025, or the date on which the company has acquired the maximum number of common shares allowable under the bid or the date on which the company otherwise decides not to make any further repurchases under the bid. As of May 8, 2024, the company had 579,531,577 shares issued and outstanding.