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Manulife enters into automatic share repurchase plan

Nov 28, 2018 - Banking and Credit News

Canada-based Manulife Financial Corporation has announced it has entered into an automatic share repurchase plan directing its designated broker to repurchase Manulife's common shares pursuant to its previously announced normal course issuer bid (NCIB), the company said.

The actual number of common shares purchased under the automatic plan, the timing of such purchases and the price at which common shares are purchased will depend upon future market conditions. The automatic plan, which ...