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Badger Announces Acceptance of Its Notice of Intention to Renew Its Normal Course Issuer Bid
CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- On July 30, 2025, Badger Infrastructure Solut...
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"Badger Announces Acceptance of Its Notice of Intention to Renew Its Normal Course Issuer Bid\n\n\n\n CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- On July 30, 2025, Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) announced its intention to file with the Toronto Stock Exchange (the “Exchange”) a notice of intention to renew its normal course issuer bid (the “Notice”). The Exchange has accepted the Notice providing for the purchase and cancellation by Badger of up to 2,910,453 common shares in the capital of the Company (“Common Shares”) during the period commencing on August 26, 2025 and ending on the earlier of: (i) August 25, 2026; (ii) the date on which the number of Common Shares that Badger intends to acquire under its bid have been purchased; and (iii) the date on which the Company terminates its bid at its option (the “NCIB”).\n \n\n The Company believes that, from time-to-time, the market price of its Common Shares may not fully reflect the underlying value of its business, and that purchases of Common Shares for cancellation may provide an opportunity to enhance long-term shareholder returns.\n \n\n The maximum number of Common Shares that may be purchased and cancelled under the NCIB represents 10.0% of the Company's public float as at August 14, 2025, or approximately 8.6% of the Company's 33,740,238 issued and outstanding Common Shares as at such date. The aggregate number of Common Shares that the Company may purchase under the NCIB on any trading day is subject to a maximum daily purchase limit of 23,249 Common Shares (being 25% of the average daily trading volume on the Exchange for the six calendar months preceding the date of the acceptance of the Notice, which was equal to 92,999 Common Shares). Exceptions may be made to this daily purchase limit in accordance with the “block” purchase exemptions of the Exchange’s Company Manual.\n \n\n In accepting the Notice, the Exchange also approved the implementation of an automatic securities purchase plan (the “ASPP”). Pursuant to the ASPP, Badger's broker may facilitate repurchases of Common Shares during blackout periods within certain parameters set by Badge...