BuybackJun 2, 2026, 07:31 AM
FirstService Increases Share Buyback to 4.1M Shares
AI Summary
FirstService Corporation announced an amendment to its normal course issuer bid (NCIB), increasing the maximum number of common shares that may be repurchased from 1,600,000 to 4,118,199. This represents 10% of the public float as of August 12, 2025, the maximum allowed by TSX rules. As of May 31, 2026, the company had already repurchased 931,182 common shares for cancellation at an average price of US$132.38 per share, totaling US$123.3 million. The Amended NCIB, effective June 4, 2026, will continue until August 25, 2026, and includes an automatic share purchase plan.
Key Highlights
- FirstService increased its normal course issuer bid (NCIB) from 1,600,000 to 4,118,199 common shares.
- The amended NCIB represents 10% of the public float as of August 12, 2025.
- As of May 31, 2026, FirstService repurchased 931,182 common shares for US$123.3 million.
- The average repurchase price was US$132.38 per share.
- The amended NCIB is effective June 4, 2026, and ends no later than August 25, 2026.
- Daily purchases on TSX are limited to 23,872 common shares, excluding block purchases.
- An automatic share purchase plan (ASPP) will facilitate purchases, effective June 4, 2026.
Price Impact
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