Stantec Inc. received Toronto Stock Exchange approval to increase its Normal Course Issuer Bid.
The amendment raises the repurchase limit from 2,281,339 to 5,703,349 common shares. This increase represents a jump from approximately 2% to 5% of issued and outstanding shares.
Management believes current share prices do not fully reflect the company's value and future prospects. Stantec already repurchased 1,667,292 shares at a weighted average price of $103.43 as of August 17, 2026.
The amended program commences August 20, 2026, and expires by March 11, 2027.