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Stock impact report

Stantec announces renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan

Stantec Inc (STN) 
Last stantec inc earnings: 2/26 06:30 pm Check Earnings Report
US:NYSE Investor Relations: stantec.com/en/investors
Company Research Source: GlobeNewswire
EDMONTON, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) -- TSX, NYSE: STN Stantec Inc. (“Stantec”) announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) respecting the renewal of its Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB documentation filed with the TSX, Stantec may purchase up to 5,559,312 common shares, representing approximately 5% of Stantec’s 111,186,257 issued and outstanding common shares as of November 2, 2021. The purchases may commence on November 16, 2021 and will terminate no later than November 15, 2022. Except for block purchases permitted under the rules and policies of the TSX, the number of shares to be purchased per day will not exceed 52,973 or approximately 25% of the average daily trading volume for the six full calendar months ending October 31, 2021, which is 211,895 shares. Stantec will make the purchases on the open market through the facilities of the TSX or any alternative Canadian trading system, and the pr Show less Read more
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