Stantec announces renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan

Rhea-AI Summary

Stantec (TSX, NYSE: STN) renewed its Normal Course Issuer Bid to repurchase up to 2,281,339 common shares, approximately 2% of 114,066,995 issued shares as of March 2, 2026. Purchases may run from March 12, 2026 to March 11, 2027, with daily limits tied to ADTV.

The company also renewed an automatic share purchase plan (ASPP) to permit share buys during black-out periods via a designated broker; all repurchased shares will be cancelled.

Positive

• Authorizes repurchase of 2,281,339 shares (~2% of outstanding)
• Shares purchased will be cancelled, reducing share count and potential EPS uplift
• ASPP allows purchases during trading black-outs, enabling continuous buyback execution

Negative

• NCIB repurchases are limited to market prices, offering no fixed discount to current shares
• Previous NCIB expired December 12, 2025 with no repurchases, indicating uncertain past execution

Key Figures

NCIB maximum shares: 2,281,339 shares NCIB share percentage: 2% Shares outstanding: 114,066,995 shares +5 more

8 metrics

NCIB maximum shares 2,281,339 shares Maximum common shares purchasable under renewed NCIB

NCIB share percentage 2% Portion of 114,066,995 issued and outstanding shares

Shares outstanding 114,066,995 shares Issued and outstanding as of March 2, 2026

Daily purchase limit 96,076 shares Maximum daily buyback amount under TSX rules (excluding blocks)

Average daily volume 384,306 shares Six-month average used to set NCIB daily cap

NCIB term start March 12, 2026 Earliest date purchases may commence under NCIB

NCIB term end March 11, 2027 Latest date NCIB may terminate

Prior NCIB repurchases 0 shares No shares repurchased under NCIB that expired December 12, 2025

Market Reality Check

Price: $90.48 Vol: Volume 189,585 vs 20-day ...

low vol

$90.48 Last Close

Volume Volume 189,585 vs 20-day average 441,506, showing lighter-than-normal trading ahead of the NCIB renewal. low

Technical Shares at $91.27 are trading below the $103.78 200-day moving average and about 20.3% under the 52-week high.

Historical Context

5 past events · Latest: Mar 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 04	Defense project award	Positive	-1.3%	Awarded first phase engineering and design for Canada’s Arctic radar project.
Feb 25	Earnings and dividend	Positive	+5.5%	Reported record 2025 results, higher margins, and increased quarterly dividend.
Jan 21	Earnings date set	Neutral	+0.2%	Announced release date and conference call for Q4 and full-year 2025 results.
Jan 15	Infrastructure contract win	Positive	+0.9%	Named preferred bidder for multibillion-pound Scottish Water infrastructure program.
Dec 04	Energy program award	Positive	-1.0%	Awarded second phase of EU Global TAF for Sustainable Energy through 2028.

Pattern Detected

Recent news has often been positive (large contracts, record results), with mixed price follow-through: some strong alignments on earnings, but occasional selloffs or soft reactions to contract wins.

Recent Company History

Over the past six months, Stantec has combined strong fundamentals with notable project wins. Record 2025 results on Feb 25, 2026 included higher revenue, margins, and an increased dividend, and the stock rose about 5.5%. Multiple infrastructure and energy-related awards, such as the Arctic Over-the-Horizon Radar project and Scottish Water program, have reinforced its positioning, though price reactions to contract news were sometimes modest or negative. Today’s NCIB and ASPP renewal fits the capital deployment narrative following these results.

Market Pulse Summary

This announcement centers on renewing authority to repurchase up to 2,281,339 shares, about 2% of th...

Analysis

This announcement centers on renewing authority to repurchase up to 2,281,339 shares, about 2% of the 114,066,995 shares outstanding, alongside an automatic share purchase plan that enables buying during blackout periods. It follows record 2025 results and prior infrastructure contract wins. Investors may focus on how actively Stantec uses this NCIB between March 12, 2026 and March 11, 2027, and how buybacks balance against growth investment and dividends.

Key Terms

normal course issuer bid, automatic share purchase plan, block purchases, trading black-out periods, +1 more

5 terms

normal course issuer bid financial

"regarding the renewal of its Normal Course Issuer Bid (“NCIB”)."

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

automatic share purchase plan financial

"has renewed its automatic share purchase plan (the “ASPP”) with a designated broker"

An automatic share purchase plan is a pre-arranged agreement that allows investors to buy a set amount of a company's shares at regular intervals without needing to make individual decisions each time. It helps investors steadily build their holdings over time, much like setting a recurring deposit into a savings account, making investing more disciplined and less influenced by short-term market fluctuations.

block purchases financial

"Except for block purchases permitted under the rules and policies of the TSX"

A block purchase is a large, privately negotiated trade of shares or bonds executed between institutions or big investors outside the regular public market. Think of it like buying a pallet of goods at once instead of individual items; it lets buyers and sellers move big positions with less public price disruption, but it can still signal shifting ownership and affect market liquidity and investor perceptions of demand for the security.

trading black-out periods regulatory

"due to applicable regulatory restrictions or internal trading black-out periods."

A trading black-out period is a temporary window when company insiders and certain employees are prohibited from buying or selling the firm’s securities, typically around earnings releases, major deals or other sensitive events. Think of it like a hallway closed during a private meeting: it helps prevent people with advance knowledge from trading unfairly, and matters to outside investors because it can affect share liquidity, the timing of trades and market transparency around important news.

automatic securities purchase plan regulatory

"The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian"

A plan a company sets up to buy its own shares automatically according to preset rules — for example, when the stock hits certain prices or at regular intervals — without managers deciding each trade. For investors this matters because automatic buybacks can reduce the number of shares outstanding, often supporting the stock price and boosting per-share metrics, much like a steady repurchasing habit gradually shrinking the size of a shared pie.

AI-generated analysis. Not financial advice.

EDMONTON, Alberta, March 10, 2026 (GLOBE NEWSWIRE) -- TSX, NYSE: STN

Stantec Inc. (“Stantec”), a global leader in sustainable design and engineering, announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) regarding the renewal of its Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB documentation filed with the TSX, Stantec may purchase up to 2,281,339 common shares of Stantec (“Common Shares”), representing approximately 2% of Stantec’s 114,066,995 issued and outstanding Common Shares as of March 2, 2026. The purchases may commence on March 12, 2026 and will terminate no later than March 11, 2027. Except for block purchases permitted under the rules and policies of the TSX, the number of Common Shares to be purchased per day will not exceed 96,076 or approximately 25% of the average daily trading volume for the six full calendar months ending February 28, 2026, which is 384,306 Common Shares. Stantec will make the purchases on the open market through the facilities of the TSX or any alternative Canadian trading system, and the prices that Stantec will pay for any common shares will be the market price of such shares at the time of acquisition. All Common Shares purchased by Stantec will be cancelled. The renewal of the NCIB follows on the conclusion of Stantec’s previous NCIB that expired December 12, 2025 in which no shares were repurchased.

Stantec also announced today that, in connection with its intention to implement the NCIB, Stantec has renewed its automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Common Shares under the NCIB, once effective, at times when Stantec normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods. Before the commencement of any particular internal trading black-out period, Stantec may, but is not required to, instruct its designated broker to make purchases of Stantec’s Common Shares under the NCIB during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Stantec prior to commencement of the applicable black-out period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these black-out periods, Common Shares will be purchasable by Stantec at its discretion under its NCIB, once effective.

The ASPP will commence on the effective date of the NCIB and will terminate on the earliest of the date on which: (a) the maximum annual purchase limit under the NCIB has been reached; (b) the NCIB expires; or (c) Stantec terminates the ASPP in accordance with its terms. The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.

Stantec believes that, from time to time, the market price of its Common Shares may not adequately reflect the value of its business and its future business prospects. As a result, Stantec believes at such times that its outstanding Common Shares may represent an attractive investment for Stantec, and an appropriate and desirable use of its available funds. This capital deployment strategy is consistent with Stantec’s priority of maintaining balance sheet strength, while reinvesting in organic and acquisitive growth, paying down debt, and increasing dividends, all of which contribute to enhanced shareholder returns.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before.   
​
We are a global leader in sustainable engineering, architecture, and environmental consulting. ​Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. ​

Today’s communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that we do—from our project teams and industry colleagues to our clients and the people our work impacts. The diverse perspectives of our partners and interested parties drive us to think beyond what’s previously been done on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure.  ​

We are designers, engineers, scientists, project managers, and strategic advisors. We innovate at the intersection of community, creativity, and client relationships to advance communities everywhere, so that together we can redefine what’s possible.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding the proposed NCIB and ASPP described above. Forward-looking statements also include any other statements that do not refer to historical facts. Particularly, information regarding our intention to use corporate funds to carry out purchases subject to the NCIB, the number of Common Shares that will be repurchased under the NCIB (if at all) and our intention to implement the ASPP is forward-looking information.

By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, assumptions regarding the future price of Common Shares, assumptions regarding the availability of corporate funds to complete purchases under the NCIB, as well as the expectations and beliefs of Stantec, and its management and board of directors, as of the date hereof. Stantec cautions that the foregoing list of material factors and assumptions is not exhaustive.

Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the NCIB and ASPP referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

Media Contact Danny Craig Director, Public Relations Ph: (949) 632-6319 danny.craig@stantec.com

Investor Contact Jess Nieukerk Stantec Investor Relations Ph: (403) 569-5389 ir@stantec.com

FAQ

What is Stantec's NCIB size and timeframe under the March 10, 2026 renewal (STN)?

The NCIB allows purchase of up to 2,281,339 common shares, ~2% of outstanding shares. According to the company, purchases may occur from March 12, 2026 until March 11, 2027, subject to daily limits and TSX rules.

How does the automatic share purchase plan (ASPP) work for Stantec's NCIB (STN)?

The ASPP lets a designated broker buy shares during black-out periods at the broker's discretion. According to the company, purchases under the ASPP follow pre-set parameters and occur once the NCIB becomes effective.

Will Stantec cancel shares repurchased under the NCIB (STN)?

Yes. According to the company, all Common Shares repurchased under the NCIB will be cancelled, reducing the number of issued and outstanding shares and potentially increasing per-share metrics.

What daily limits apply to Stantec's share repurchases under the renewed NCIB (STN)?

Daily purchases will not exceed 96,076 shares or ~25% of six‑month ADTV, except permitted block purchases. According to the company, six‑month ADTV used was 384,306 shares.

Why did Stantec renew the NCIB and ASPP according to company commentary (STN)?

Stantec says its shares may not always reflect business value, making repurchases an appropriate use of funds. According to the company, buybacks align with maintaining balance sheet strength and supporting growth, debt reduction, and dividends.