11 unchanged sentences
The amounts involved may be material.
−Removed: In July 2021, the Board of Directors authorized the repurchase of up to $1.5 billion of our Common Shares, effective the third quarter of 2021 through the third quarter of 2022.
−Removed: In September 2022, the Board of Directors approved the extension of the previous authorization through the third quarter of 2023.
−Removed: This authorization expired as of September 30, 2023.
−Removed: During the fourth quarter of 2023, Key repurchased less than $1 million of shares related to equity compensation programs.
+Added: We did not complete any open market share repurchases in 2024, and have no Board-approved repurchase authorizations outstanding.
+Added: During 2024, Key repurchased $28 million of shares related to equity compensation programs.
+Added: On August 30, 2024, KeyCorp issued 47,829,359 Common Shares for approximately $821 million in gross proceeds to Scotiabank pursuant to the first closing under the Investment Agreement.
+Added: On December 27, 2024, Scotiabank completed the second and final purchase of 115,042,316 Common Shares under the Investment Agreement with an investment of approximately $2.0 billion in gross proceeds.
+Added: These acquisitions were exempt from registration under the Securities Act of 1933, as amended (“Securities Act”), by virtue of the exemption provided by Section 4(a)(s) of the Securities Act.
The following table summarizes our repurchases of our Common Shares for the three months ended December 31, 2024.
+Added: See Note 24 (“Shareholders' Equity”) for more information regarding share repurchases.
Calendar month Total number of shares
8 unchanged sentences
We did not complete any open market share repurchases in the fourth quarter of 2024.
−Removed: (b) Our previous share purchase authorization expired as of September 30, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.