Nutrien Ltd.
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Feb 28, 2025
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Contents
EX-99.1 · NCIB Programs
NCIB Programs
| Commencement Date | Expiry | Maximum Shares for Repurchase | Number of Shares Repurchased | |
|---|---|---|---|---|
| 2025 NCIB 1 | March 3, 2025 | March 2, 2026 | 24,462,941 | nil |
| 2024 NCIB | March 1, 2024 | February 28, 2025 | 24,728,159 | 5,832,440 2 |
| 2023 NCIB | March 1, 2023 | February 29, 2024 | 24,962,194 | 5,375,397 |
| 2022 NCIB 3 | March 1, 2022 | February 7, 2023 | 55,111,110 | 55,111,110 |
| 2021 NCIB | March 1, 2021 | February 28, 2022 | 28,468,448 | 22,186,395 |
1 On February 19, 2025, our Board of Directors (the “Board”) approved a share repurchase program for up to 5 percent of our outstanding common shares (the “2025 NCIB”). The 2025 NCIB, which is subject to acceptance by the TSX, will expire earlier than the date above if we acquire the maximum number of common shares allowable or otherwise decide not to make any further repurchases.
2 Includes common shares repurchased to February 18, 2025. Subsequent to December 31, 2024, an additional 1,887,537 common shares were repurchased for cancellation at an aggregate cost of $96 million and an average price per share of $50.82.
3 The original expiry date of the 2022 NCIB was February 28, 2023, but we acquired the maximum aggregate number of common shares allowable thereunder on February 7, 2023.
The table below sets forth the number of common shares we have repurchased during the last three fiscal years, in each case, under the applicable NCIB through open market purchases at market prices.
| Common Shares Repurchased | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total amount, inclusive of tax (US$ millions) | 190 | 1,000 | 4,496 |
| Number of shares | 3,944,903 | 13,378,189 | 53,312,559 |
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