Enerflex Ltd. approved normal course issuer bid for purchasing common shares.

From GlobeNewswire: 2025-03-28 06:00:00

Enerflex Ltd. has been approved to implement a normal course issuer bid for a portion of its common shares by the Toronto Stock Exchange. The Company believes the repurchase of shares is an effective use of cash resources and in the best interest of shareholders. The bid allows for the acquisition of up to 6,159,695 common shares, or approximately 5% of the public float as of March 18, 2025. The bid will commence on April 1, 2025, and end no later than March 31, 2026. Purchases will be made through various exchanges and will be funded by the Company’s available resources.

Enerflex has entered into an automatic share purchase plan with its designated broker, allowing for purchases to be made based on set parameters. The plan will terminate under certain conditions, including expiration of the bid or reaching the maximum number of purchased shares. The Company has confirmed no undisclosed material information during the plan. Forward-looking information is cautioning investors, with assumptions made regarding the benefits of the bid. Enerflex remains committed to energy infrastructure solutions and supports decarbonization efforts.



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