Pembina Pipeline receives TSX approval for NCIB renewal

Pembina Pipeline announced that the Toronto Stock Exchange, or TSX, has approved the renewal of Pembina’s normal course issuer bid, or NCIB, to purchase up to five percent of its issued and outstanding common shares. Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, commencing on May 16 and expiring on the earlier of May 15, 2025 and the date on which Pembina has acquired the maximum number of common shares allowable under the NCIB or the date on which Pembina otherwise decides not to make any further repurchases under the NCIB. As of May 8, 2024, Pembina had 579,531,577 common shares issued and outstanding and is therefore permitted to repurchase up to 28,976,578 common shares, being five percent of its issued and outstanding common shares, pursuant to the NCIB. Common shares purchased under the NCIB will be cancelled.