Enerflex Ltd. (EFXT) has received Toronto Stock Exchange - TSX approval to initiate a normal course issuer bid - NCIB, allowing the company to repurchase up to 6,159,695 common shares—approximately 5% of its public float as of March 18, 2025. The program will run from April 1, 2025, to March 31, 2026.
Enerflex sees the buyback as an effective use of cash, believing its shares are undervalued and that market conditions present a strategic repurchase opportunity. Shares will be acquired through TSX, NYSE, or other permitted trading platforms, at market prices at the time of purchase. All repurchased shares will be canceled.
The company has also established an automatic share purchase plan - ASPP with its broker, ensuring trades continue even during blackout periods. The ASPP will remain active until the NCIB expires, the maximum shares are repurchased, or Enerflex terminates it. Any significant changes to the plan will be disclosed through a news release.
EFXT is currently trading at $7.67 or 0.39% higher on the NYSE.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.