BMO Financial Group Announces Intention to Repurchase up to 15 Million of its Common Shares

Toronto (ots/PRNewswire) -

Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced its
intention, subject to the approval of the Office of the
Superintendent of Financial Institutions Canada (OSFI) and the
Toronto Stock Exchange (TSX), to purchase, for cancellation, up to 15
million of its common shares under a normal course issuer bid through
the facilities of the TSX. Bank of Montreal (the Bank) intends to
file a notice of intention with the TSX in this regard.

The normal course issuer bid, subject to regulatory approvals,
will commence on or around May 1, 2017, and will end on or around
April 30, 2018. The common shares that may be repurchased represent
approximately 2.3 per cent of the 'public float' (as such term is
defined in the TSX Company Manual) of common shares as at January 31,
2017. The timing and amount of any purchases under the program is
subject to regulatory approvals and to management discretion based on
factors such as market conditions. The Bank will pay the market price
for the shares at the time of acquisition.

There were 648,920,244 Bank of Montreal common shares issued and
outstanding as at January 31, 2017, and the public float was
648,297,725 common shares.

BMO's previous normal course issuer bid commenced on February 1,
2016, and expired on January 31, 2017. Over the term of the previous
bid, BMO did not purchase any of its common shares.

Bank of Montreal's common shares are listed on both the Toronto
and New York stock exchanges.

For Media Relations Enquiries:

Paul Gammal,

Toronto,

[e-mail],

[phone];



Frederic Tremblay,

Montreal,

[e-mail],

[phone];
For Investor Relations Enquiries:

Jill Homenuk,

Toronto,

[e-mail],

+(416)-867-4770;



Christine Viau, Toronto,

[e-mail],

+(416)-867-6956;



Internet: http://www.bmo.com,

Twitter: @BMOMedia

ots Originaltext: BMO Financial Group
Im Internet recherchierbar: http://www.presseportal.de