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AtkinsRealis Announces Renewal of Normal Course Issuer Bid

ATRL · Price
Executive Summary
- AtkinsRéalis received TSX approval to renew its NCIB, authorizing the purchase and cancellation of up to 13,649,009 common shares (≈10% of public float) between 17 Mar 2026 and 16 Mar 2027.
- The renewal includes an automatic share‑purchase plan with a designated broker and a special arrangement allowing purchases from Caisse de dépôt et placement du Québec (La Caisse) under an ADP Agreement.
- To date, the company has repurchased ~10.8 M shares (including prior NCIB activity and a separate exemption purchase), deploying roughly $957 million in cash.
Key Details
- Authorized Purchase Amount: Up to 13,649,009 common shares (~10% of public float as of 3 Mar 2026).
- Purchase Period: 17 Mar 2026 – 16 Mar 2027 (12‑month window).
- Automatic Share Purchase Plan: Pre‑cleared by TSX; enables purchases during regulatory black‑out periods at parameters set by management.
- La Caisse Participation: Company may buy shares from La Caisse under a TSX exemption and an Automatic Disposition Plan (ADP) Agreement; purchases occur on the same trading days as other open‑market buys.
- Cancellation: All shares acquired under the NCIB, including those from La Caisse, will be cancelled.
- Daily Purchase Limits: Up to 25% of average daily trading volume (ADTV) – 151,118 shares per day (excluding La Caisse purchases). Block purchases may exceed this limit once per week subject to TSX rules.
- Historical Repurchases (2025 NCIB & related):
- Total authorized under 2025 NCIB: 13,945,331 shares.
- Shares purchased to date under 2025 NCIB: 3,814,240 (including 378,658 from La Caisse).
- Separate exemption purchase (June 2025): 7,000,000 shares from La Caisse at $90.87 per share (outside NCIB limits).
- Aggregate repurchased to date: 10,814,240 shares for approximately $957 million.
- Public Float & Trading Metrics (as of 3 Mar 2026):
- Shares issued and outstanding: 164,494,056.
- Public float: 136,490,093 shares.
- ADTV (last six months): 604,472 shares.
Notable Quotes
No direct quotes were included in the release.
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Jun 25, 2026 · 07:45