Enerflex Ltd. approved buyback program up to 5% of public float

From GlobeNewswire: 2025-03-19 22:03:34

Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) announced Board approval to implement a Normal Course Issuer Bid (NCIB) to purchase up to 5% of public float over twelve months. Interim CEO Preet Dhindsa stated the move reflects the Company’s target leverage range and commitment to increasing shareholder returns. Enerflex believes repurchasing common shares is an effective use of cash resources, as current market price may not fully reflect their value. Further details on the NCIB will be provided post-TSX approval. Enerflex is a global provider of energy solutions, focusing on sustainability offerings to support energy transition and decarbonization efforts.



Read more at GlobeNewswire: Enerflex Ltd. Announces Normal Course Issuer Bid