Teck Resources announces 40M share buyback program

Teck Resources has been informed that the Toronto Stock Exchange, or TSX, has accepted the notice filed by Teck to establish a normal course issuer bid to purchase its Class B subordinate voting shares. Under the normal course issuer bid, Teck may purchase up to 40M Class B shares during the period starting November 22 and ending November 21, 2024, representing approximately 7.8% of the outstanding Class B Shares, or 7.9% of the public float, as at November 15. 512,316,533 Class B Shares were issued and outstanding as at that date.