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SNC-Lavalin Launches a Normal Course Issuer Bid
SNC-Lavalin Launches a Normal Course Issuer Bid Canada NewsWire MONTREAL ...
About this update from Atkinsrealis Group Inc.
[{"type":"text","content":"\n \n \n \n SNC-Lavalin Launches a Normal Course Issuer Bid\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n March 3, 2023\n \n \n /CNW/ - SNC-Lavalin Group Inc. (TSX: SNC), a fully integrated professional services and project management company with offices around the world, is pleased to announce today that the Toronto Stock Exchange (the \"TSX\") has approved its normal course issuer bid (\"NCIB\") to purchase for cancellation up to 1,500,000 Common Shares over the twelve-month period commencing on\n \n March 8, 2023\n \n and ending no later than\n \n March 7, 2024\n \n , representing 0.85% of the issued and outstanding Common Shares of the Company. As of\n \n February 28, 2023\n \n , the Company had 175,554,252 Common Shares issued and outstanding, 121,475,273 of which made up the public float.\n \n \n The Company believes that in the appropriate circumstances, the purchase of Common Shares may be an effective use of its funds and in the best interest of the Company and its shareholders. All Common Shares purchased pursuant to the NCIB will be cancelled.\n \n \n The timing and amount of purchases under the NCIB are subject to management discretion based on various factors. These purchases are to be made through the facilities of the TSX, other designated exchanges or Canadian alternative trading systems, in accordance with the TSX's policy on normal course issuer bids, or otherwise as may be permitted by applicable securities laws and regulations. The price the Company will pay for any Common Shares will be the market price at the time of acquisition, plus brokerage fees, for purchases effected through the facilities of the TSX, other designated exchanges or Canadian alternative trading systems.\n \n \n During the period that the normal course issuer bid is outstanding, the Company does not intend to make purchases of its Common Shares other than by means of open market transactions or such other means as may be permitted by securities regulatory authorities from time to time and as a...