Aecon Announces Filing of Final Short Form Prospectus in Connection with Offering of Common Shares

Executive Summary

• Aecon Group Inc. filed a Final Short Form Prospectus for the sale of 3,822,000 common shares at $39.25 per share, targeting gross proceeds of approximately $150.0 million.
• The underwriters received an over‑allotment option for up to 573,300 additional shares, potentially adding ~$22.5 million in gross proceeds.
• Net proceeds are earmarked primarily to repay amounts drawn under Aecon’s revolving credit facility, with any excess allocated to general corporate purposes.

Key Details

• Offering Size: 3,822,000 common shares from treasury (bought‑deal basis).
• Offering Price: $39.25 per share.
• Gross Proceeds Expected: ≈ $150,013,500.
• Underwriters: Syndicate led by CIBC Capital Markets and TD Securities Inc.
• Over‑Allotment Option: Up to 573,300 additional shares at the same price; could generate up to ≈ $22.5 million in extra gross proceeds.
• Use of Proceeds:
• Primary: Repayment of drawn amounts under Aecon’s revolving credit facility.
• Secondary: General corporate purposes (if excess net proceeds remain).
• Regulatory Filing: Final Short Form Prospectus dated March 24, 2026 filed with securities commissions in all Canadian provinces; receipt obtained.
• Access to Prospectus: Available free of charge via SEDAR+ and through contacts at CIBC Capital Markets and TD Securities Inc.

Notable Quotes

(No executive quotes were included in the release.)