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TSX approves Home Capital Group's normal course issuer bid

The Toronto Stock Exchange approved Home Capital Group Inc.'s renewal of its normal course issuer bid, under which the company may purchase for cancellation up to 5,266,187 of its common shares, representing about 10% of its public float as of Jan. 16.

The purchases may start Jan. 22, 2020, and will terminate Jan. 21, 2021, or at an earlier date on which the company has completed the purchases.

Home Capital Group had 52,953,160 issued and outstanding common shares as of Jan. 16.