TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

Nov 12, 2018

AURORA, Ontario, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 33,200,000 Magna Common Shares (the "Bid"), representing approximately 10% of its public float. As at November 2, 2018, Magna had 334,257,524 issued and outstanding Common Shares, including a public float of 332,209,834 Common Shares.

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