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6-K 1 d98900d6k.htm 6-K 6-K
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

November 6, 2025

Commission File Number: 1-8481

 

 

BCE Inc.

(Translation of registrant’s name into English)

 

 

1, Carrefour Alexander-Graham-Bell,

Verdun, Québec, Canada H3E 3B3

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐   Form 40-F ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐   No ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-    .

Notwithstanding any reference to BCE Inc.’s Web site on the World Wide Web in the document attached hereto, the information contained in BCE Inc.’s site or any other site on the World Wide Web referred to in BCE Inc.’s site is not a part of this Form 6-K and, therefore, is not furnished to the Securities and Exchange Commission.

 

 
 


EXHIBIT INDEX

 

Exhibit

    
99.1    Press Release


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

BCE Inc.

Date: November 6, 2025     By:  

(signed) Melanie Schweizer

    Name:   Melanie Schweizer
    Title:   Senior Vice-President, Corporate Services and Corporate Secretary
EX-99.1 2 d98900dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

BCE announces renewal of Normal Course Issuer Bid for Preferred Shares

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Concerning Forward-Looking Statements” later in this news release.

MONTRÉAL, November 6, 2025 – BCE Inc. (BCE) today announced that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by BCE of its intention to renew its normal course issuer bid (“NCIB”) to purchase up to 10% of the public float of each series of BCE’s outstanding First Preferred Shares that are listed on the TSX (the “Preferred Shares”). The period of the NCIB will extend from November 11, 2025 to November 10, 2026, or an earlier date should BCE complete its purchases under the NCIB. BCE will pay the prevailing market price at the time of acquisition for any Preferred Shares purchased plus brokerage fees payable by BCE (except with respect to purchases made under an issuer bid exemption order, which will be at a discount to the prevailing market price), and all Preferred Shares acquired by BCE under the NCIB will be cancelled.

The actual number of Preferred Shares repurchased under the NCIB and the timing of such repurchases will be at BCE’s discretion and shall be subject to the limitations set out in the TSX Company Manual.

The NCIB will be conducted through a combination of discretionary transactions and purchases under an automatic securities purchase plan through the facilities of the TSX as well as alternative trading systems in Canada, if eligible, or by such other means as may be permitted by securities regulatory authorities, including pre-arranged crosses, exempt offers, private agreements under an issuer bid exemption order issued by securities regulatory authorities and block purchases of Preferred Shares. Purchases made under an issuer bid exemption order will be at a discount to the prevailing market price.

Under the NCIB, BCE is authorized to repurchase shares of each respective series of the Preferred Shares as follows:

 

Series

   Ticker    Issued and
Outstanding
Shares(1)
   Public Float(1)    Average Daily
Trading
Volume(2)
  

Maximum Number of

Shares Subject to Purchase

   Total(3)    Daily(4)

R

   BCE.PR.R    7,115,900    7,115,900    6,198    711,590    1,549

S

   BCE.PR.S    1,882,077    1,882,077    2,435    188,207    1,000

T

   BCE.PR.T    5,062,433    5,062,433    5,105    506,243    1,276

Y

   BCE.PR.Y    5,406,887    5,406,887    7,255    540,688    1,813

Z

   BCE.PR.Z    2,399,248    2,399,248    1,483    239,924    1,000

AA

   BCE.PR.A    10,315,078    10,315,078    5,703    1,031,507    1,425

AB

   BCE.PR.B    6,073,339    6,073,339    3,775    607,333    1,000

AC

   BCE.PR.C    6,205,674    6,205,674    2,556    620,567    1,000

AD

   BCE.PR.D    11,001,238    11,001,238    3,081    1,100,123    1,000

AE

   BCE.PR.E    3,233,729    3,233,729    2,728    323,372    1,000

AF

   BCE.PR.F    10,576,133    10,576,133    12,579    1,057,613    3,144

AG

   BCE.PR.G    8,134,830    8,134,830    2,912    813,483    1,000

AH

   BCE.PR.H    4,202,613    4,202,613    2,703    420,261    1,000

AI

   BCE.PR.I    8,754,040    8,754,040    4,597    875,404    1,149

AJ

   BCE.PR.J    3,782,760    3,782,760    2,186    378,276    1,000

AK

   BCE.PR.K    19,391,141    19,391,141    17,873    1,939,114    4,468

AL

   BCE.PR.L    1,655,388    1,655,388    711    165,538    1,000


Series

   Ticker    Issued and
Outstanding
Shares(1)
   Public Float(1)    Average Daily
Trading
Volume(2)
  

Maximum Number of

Shares Subject to Purchase

   Total(3)    Daily(4)

AM

   BCE.PR.M    8,987,651    8,987,651    8,473    898,765    2,118

AN

   BCE.PR.N    954,422    954,422    662    95,442    1,000

AQ

   BCE.PR.Q    7,743,909    7,743,909    3,914    774,390    1,000

 

(1)

As of October 31, 2025.

(2)

For the 6 months ended October 31, 2025.

(3)

Represents approximately 10% of the public float in respect of each series of Preferred Shares.

(4)

Represents the maximum number of shares of each series of Preferred Shares that may be purchased over the TSX (or alternative trading systems in Canada, if eligible) during the course of one trading day. This amount is equal to the greater of (i) 25% of the average daily trading volume on the TSX calculated in accordance with the rules of the TSX, and (ii) 1,000 shares. This limitation does not apply to purchases made pursuant to block purchase exemptions.

BCE is making this NCIB because it believes that, from time to time, the Preferred Shares may trade in price ranges that do not fully reflect their value. BCE believes that, in such circumstances, the repurchase of its Preferred Shares represents an appropriate use of its available funds.

As of October 31, 2025, under its current normal course issuer bid that commenced on November 11, 2024 and will expire on November 10, 2025, and for which the company received approval from the TSX, BCE purchased, through the facilities of the TSX and alternative eligible trading systems, Preferred Shares as follows:

 

Series

   Ticker      Maximum Number
of Shares
Subject to Purchase
     Number of Shares
Purchased
     Weighted Average Price
Paid per Security
 

R

     BCE.PR.R        762,020        504,300      $ 18.85  

S

     BCE.PR.S        201,386        131,790      $ 16.75  

T

     BCE.PR.T        519,303        130,600      $ 17.96  

Y

     BCE.PR.Y        600,765        600,765      $ 18.47  

Z

     BCE.PR.Z        266,583        266,583      $ 17.90  

AA

     BCE.PR.A        1,120,233        887,253      $ 18.07  

AB

     BCE.PR.B        643,213        358,800      $ 18.08  

AC

     BCE.PR.C        633,067        125,000      $ 18.03  

AD

     BCE.PR.D        1,188,083        879,600      $ 16.72  

AE

     BCE.PR.E        586,351        158,500      $ 17.32  

AF

     BCE.PR.F        900,538        900,538      $ 17.86  

AG

     BCE.PR.G        841,363        278,800      $ 16.38  

AH

     BCE.PR.H        466,957        466,957      $ 18.64  

AI

     BCE.PR.I        905,824        304,200      $ 16.71  

AJ

     BCE.PR.J        389,596        113,200      $ 16.54  

AK

     BCE.PR.K        2,154,571        2,154,571      $ 17.42  

AL

     BCE.PR.L        173,088        75,500      $ 17.68  

AM

     BCE.PR.M        998,627        998,627      $ 18.67  

AN

     BCE.PR.N        101,182        57,400      $ 18.35  

AQ

     BCE.PR.Q        812,151        377,605      $ 23.29  

BCE will enter into an automatic securities purchase plan (“ASPP”) with a designated broker in relation to the NCIB on or about the commencement date of the NCIB. The ASPP will allow for the purchase of Preferred Shares, subject to certain trading parameters, at times when BCE ordinarily would not be active in the market due to applicable regulatory restrictions or self-imposed trading black-out periods. Outside of these periods, the Preferred Shares will be repurchased by BCE at its discretion under the NCIB.

 

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About BCE

BCE is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

 
1

Based on total revenue and total combined customer connections.

Media inquiries

Ellen Murphy

media@bell.ca

Investor inquiries

Richard Bengian

Richard.bengian@bell.ca

Caution Concerning Forward-Looking Statements

Certain statements made in this news release are forward-looking statements, including statements relating to potential future purchases by BCE of its Preferred Shares pursuant to the NCIB and ASPP. All such forward-looking statements are made pursuant to the “safe harbour” provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events and we caution you against relying on any of these forward-looking statements. There can be no assurance that BCE will repurchase all or any of the numbers of Preferred Shares referred to in this news release under the NCIB. In particular, the purchase by BCE of its Preferred Shares pursuant to the NCIB will depend, among other, on the prevailing market price from time to time of the Preferred Shares. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Forward-looking statements are provided herein for the purpose of giving information about the potential future purchases of Preferred Shares by BCE pursuant to the NCIB and ASPP referred to above. Readers are cautioned that such information may not be appropriate for other purposes. For additional information on assumptions and risks underlying certain of our forward-looking statements made in this news release, please consult BCE’s 2024 Annual MD&A dated March 6, 2025, BCE’s 2025 First Quarter MD&A dated May 7, 2025, BCE’s 2025 Second Quarter MD&A dated August 6, 2025, BCE’s 2025 Third Quarter MD&A dated November 5, 2025 and BCE’s news release dated November 6, 2025 announcing its financial results for the third quarter of 2025, filed by BCE with the Canadian securities regulatory authorities (available at Sedarplus.com) and with the U.S. Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.

 

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