ARC Resources receives TSX approval for share buyback

Executive Summary

• ARC Resources Ltd. received TSX approval to commence a new NCIB allowing the purchase of up to 57,967,896 shares (≈10% of public float) between Sept. 8 2025 and Sept. 7 2026.
• The renewed bid complements ARC’s dividend‑focused capital return strategy and follows an earlier NCIB that repurchased ~21% of outstanding shares at a weighted average price of $17.24 per share.
• To date, ARC has bought 14,564,600 shares under the current NCIB at a weighted average price of $25.86 per share; all acquired shares will be cancelled.

Key Details

• NCIB Scope: Up to 57,967,896 common shares (≈10% of public float) may be purchased over a 12‑month period starting Sept. 8 2025, expiring no later than Sept. 7 2026.
• Daily Purchase Limit: Maximum of 448,930 shares per day (≤25% of average daily TSX volume of 1,795,723 shares).
• Current NCIB (Sept 6 2024 – Sept 5 2025): Approved to purchase up to 59,404,376 shares; ARC has already repurchased 14,564,600 shares at a weighted‑average price of $25.86.
• Historical Repurchases: Since the initial NCIB (Sept 2021), ARC repurchased ~149 million shares (~21% of total outstanding) at a weighted‑average price of $17.24 per share.
• Share Purchase Mechanism: Automatic share purchase plan with broker for execution during self‑imposed blackout periods; purchases outside blackout periods are at management’s discretion.
• Cancellation: All shares acquired under the NCIB will be cancelled, reducing total outstanding shares.
• Outstanding Shares (as of Aug 25 2025): 581,645,460 issued and outstanding; 579,678,961 in public float.

Notable Quotes

(No direct quotes were provided in the release.)