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     1295  0 Kommentare Bank of Montreal Announces Specific Share Repurchase Program as Part of its Normal Course Issuer Bid

    TORONTO, June 23, 2017 /PRNewswire/ --

    Bank of Montreal ("BMO") (TSX: BMO)(NYSE: BMO) today announced that the Toronto Stock Exchange ("TSX") has accepted BMO's amended notice of intention to make a Normal Course Issuer Bid. The notice has been amended to, among other things, permit the repurchase by BMO of its common shares pursuant to issuer bid exemption orders issued by securities regulatory authorities including under specific share repurchase programs.

    BMO also announced that it will purchase common shares under a specific share repurchase program (the "Program"). BMO will enter into an agreement (the "Agreement") with a third party to repurchase common shares through daily purchases that will take place between June 28, 2017, and July 31, 2017, subject to a maximum of 4,000,000 common shares. The Program will form part of BMO's Normal Course Issuer Bid for up to 15,000,000 common shares (the "NCIB") announced on April 27, 2017.

    Pursuant to the terms of the Agreement and subject to the terms of an issuer bid exemption order issued by the Ontario Securities Commission (the "Order"), the third party will purchase BMO's common shares on Canadian markets for the purpose of fulfilling its delivery obligations to BMO under the Agreement. The price that BMO will pay for common shares purchased by it from the third party under such Agreement will be negotiated by BMO and the third party and will be at a discount to the prevailing market price of BMO's common shares on the Canadian markets at the time of the purchase. BMO currently intends to purchase the maximum of 4,000,000 common shares under the Program, however the number of common shares purchased pursuant to the Program may be less than the Program maximum if, among other things, it is not possible to purchase common shares within the price range established prior to commencement of the Program, if trading is suspended, or as a result of market factors. In accordance with the terms of the Order, immediately following the completion of the Program, BMO will issue a news release providing information regarding the purchases made pursuant to the Program including the number of common shares purchased and aggregate purchase price paid.

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    Bank of Montreal Announces Specific Share Repurchase Program as Part of its Normal Course Issuer Bid TORONTO, June 23, 2017 /PRNewswire/ - Bank of Montreal ("BMO") (TSX: BMO)(NYSE: BMO) today announced that the Toronto Stock Exchange ("TSX") has accepted BMO's amended notice of intention to make a Normal Course Issuer Bid. The notice has been …