Stantec announces amendment to Normal Course Issuer Bid
Stantec received TSX approval to amend its Normal Course Issuer Bid, increasing the maximum number of common shares it may repurchase from 2% to 5% of its outstanding shares, or approximately 5.7 million shares. As of August 17, the company had already repurchased 1.67 million shares at a weighted average price of $103.43 under the previous authorization.
Key figures
- Avg repurchase price
- 103.43
- New ncib limit shares
- 5703349
- New ncib limit percent
- 5%
- Prior ncib limit shares
- 2281339
- Repurchased shares to date
- 1667292
AI analysis
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