BuybackJun 2, 2026, 12:06 PM
FirstService Corp Increases Share Buyback Program to 10% of Public Float
AI Summary
FirstService Corporation announced an amendment to its Normal Course Issuer Bid (NCIB), increasing the maximum number of shares that can be repurchased to 10% of its public float, totaling 4,118,199 shares. The amended bid, effective June 4, 2026, will run until August 25, 2026. The company also entered into an Automatic Share Purchase Plan (ASPP) with a broker to facilitate these repurchases, including during blackout periods. As of May 31, 2026, FirstService had already repurchased 931,182 shares under the existing NCIB.
Key Highlights
- FirstService Corp increases maximum shares for Normal Course Issuer Bid (NCIB) to 4,118,199 (10% of public float).
- Amended NCIB effective June 4, 2026, runs until August 25, 2026.
- Company has repurchased 931,182 shares for $123.3 million under the NCIB as of May 31, 2026.
- Automatic Share Purchase Plan (ASPP) entered into with a broker to facilitate purchases.
- ASPP will be effective June 4, 2026, and terminates with the NCIB.
- Purchases under ASPP will be included in NCIB totals.
Price Impact
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