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Stantec Inc. Buyback

OLI recorded this information on 11/9/2020

Company: Stantec Inc.
Buyback: STN buyback
Share Amount Authorized: 5,605,224
Buyback Details: 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 5,605,224 common shares, representing approximately 5% of Stantec's 112,104,491 issued and outstanding common shares as of November 2, 2020. The purchases may commence on November 16, 2020 and will terminate no later than November 15, 2021. 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 56,146 or approximately 25% of the average daily trading volume for the six full calendar months ending October 31, 2020, which is 224,586 shares. Stantec will make the purchases on the open market through the facilities of the TSX or any alternative Canadian trading system, and the prices that Stantec will pay for any common shares will be the market price of such shares at the time of acquisition. All shares purchased by Stantec will be cancelled.

Stantec is a global design and engineering firm that collaborates across disciplines and industries to bring buildings, energy and resources, environmental, water, and infrastructure projects to life. Co. provides services through five business units: buildings, which include pre-design, design, and construction administration services; energy and resources, which include industrial engineering services; environmental services, which include planning and permitting services; infrastructure, which includes front-end design and engineering services; and water, which includes planning, engineering, design, and construction management services augmented with financial and enterprise management.
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Company Name: 
Stantec Inc
Stock buyback: 
STN buyback
Website: 
www.stantec.com
Sector: 
Business Services & Equipment
Number of ETFs Holding STN: 
6
Total Market Value Held by ETFs: 
$60.73M
Total Market Capitalization: 
$5.12B
% of Market Cap. Held by ETFs: 
1.19%
 

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Buy (3.00 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)

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