OpenText Increases FY26 Share Repurchase Program by $200M to $500M
OpenText has increased its FY26 share repurchase program by $200M, whereby it intends to purchase for cancellation up to a maximum aggregate value of $500M of its common shares pursuant to a normal course issuer bid, or NCIB. The maximum number of common shares that may be acquired under the NCIB will remain unchanged at the 24,906,456 common shares, which was previously approved by the TSX. The NCIB is in effect for the 12-month period that commenced August 12, 2025 and terminates August 11, 2026. During FY26, the company has purchased for cancellation approximately $190M of common shares as of January 31, 2026, of which approximately 5 million common shares for an aggregate value of approximately $165M have been purchased and cancelled since the beginning of the NCIB.
