FirstService Announces Amendment to Maximize Size of Normal Course Issuer Bid and Entering Into of Automatic Share Purchase Plan
FirstService Corporation has received TSX approval to amend its Normal Course Issuer Bid (NCIB), increasing the maximum number of shares it can repurchase from 1.6 million to 4.1 million shares. The new limit represents 10% of the public float, the maximum allowable under TSX rules, up from the previous 3.9% limit. As of May 31, 2026, the company had already repurchased 931,182 shares for cancellation at an average price of US$132.38, totaling US$123.3 million.
Key figures
- Avg repurchase price
- 132.38
- New max shares allowed
- 4118199
- Shares repurchased to date
- 931182
- Previous max shares allowed
- 1600000
- Public float percentage limit
- 10%
- Total repurchase value to date
- 123300000
AI analysis
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