Enterprise Group Announces Share Buyback Plan

Enterprise ( (TSE:E) ) has shared an announcement.

Enterprise Group, Inc. has announced that the Toronto Stock Exchange has accepted its notice to commence a normal course issuer bid, allowing the company to purchase up to 5,624,649 of its common shares, representing 10% of its public float. This move, authorized by the company’s Board of Directors, is seen as beneficial to shareholders, providing an opportunity to acquire shares at attractive prices and making effective use of company funds. The issuer bid will be active from April 2, 2025, to April 1, 2026, with all purchased shares being canceled, potentially impacting the value of remaining shares.

More about Enterprise

Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy and resource sector. The company focuses on systems and technologies that mitigate, reduce, or eliminate CO2 and greenhouse gas emissions for itself and its clients. It is well-known among local Tier One and international resource companies with operations in Western Canada.

YTD Price Performance: -32.51%

Average Trading Volume: 498,284

Technical Sentiment Signal: Hold

Current Market Cap: C$105.8M

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