MANULIFE-S (00945) has established an automatic share buyback plan.

MANULIFE-S (00945) announced that the company has entered into an automatic share repurchase plan (automatic plan). Under the plan, Manulife's designated broker will repurchase Manulife common shares based on the previously announced "normal course issuer bid" plan. The actual number of common shares repurchased, repurchase timing, and repurchase price under the automatic plan will depend on future market conditions. The automatic plan has been pre-approved by the Toronto Stock Exchange, allowing Manulife to repurchase common shares at any time, including when Manulife is unable to actively participate in market trading due to its own internal blackout periods, insider trading rules, or other reasons.