Connor, Clark & Lunn reports 10.5% stake in Enerflex

Enerflex Ltd. disclosure: Connor, Clark & Lunn Investment Management Ltd. amended its Schedule 13G/A reporting beneficial ownership of 12,761,265 shares of Common Stock, equal to 10.5% of the class.

Rhea-AI Filing Summary

Enerflex Ltd. disclosure: Connor, Clark & Lunn Investment Management Ltd. amended its Schedule 13G/A reporting beneficial ownership of 12,761,265 shares of Common Stock, equal to 10.5% of the class. The filing lists sole voting power of 11,814,885 shares and sole dispositive power of 12,761,265. The amendment is signed by the filer’s Chief Compliance Officer on 05/05/2026.

This filing updates beneficial‑ownership reporting for Enerflex common shares held by the named investment manager and states the precise voting and disposition powers the manager holds over those shares.

Insights

Institutional Ownership Analyst

Large passive stake reported: 12,761,265 shares (10.5%).

The filing documents an institutional holder with a substantial 10.5% position in Enerflex and specifies voting and dispositive authority. This is a disclosure of ownership rather than an acquisition or disposition event; it aligns with regulatory reporting obligations under Schedule 13G/A.

Stake size and voting power are important context for governance and potential shareholder engagement; subsequent filings may show changes if the holder adjusts its position.

Corporate Governance Specialist

Voting and dispositive powers are stated clearly; no transaction implied.

The report shows sole voting power for 11,814,885 shares and sole dispositive power for 12,761,265 shares. These attributes clarify who can vote and sell the shares but do not indicate any planned votes or dispositions.

Monitor future filings for any changes to percentage ownership or transfers that would alter board voting dynamics.

Key Figures

Beneficially owned: 12,761,265 shares Percent of class: 10.5% Sole voting power: 11,814,885 shares +2 more

5 metrics

Beneficially owned 12,761,265 shares Reported in Schedule 13G/A

Percent of class 10.5% Percent of Enerflex common stock reported

Sole voting power 11,814,885 shares Number of shares with sole vote direction

Sole dispositive power 12,761,265 shares Number of shares with sole disposition authority

Filer signature date 05/05/2026 Date signed by Chief Compliance Officer

Key Terms

Schedule 13G/A, Beneficially owned, Sole dispositive power, Sole voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 3 ) Enerflex Ltd. COM 29269R105"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Amount beneficially owned: 12,761,265 (b) Percent of class: 10.5 %"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Sole Dispositive Power 12,761,265.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Sole voting power regulatory

"Sole Voting Power 11,814,885.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

What stake does Connor, Clark & Lunn hold in Enerflex (EFXT)?

Connor, Clark & Lunn reports beneficial ownership of 12,761,265 shares, representing 10.5% of Enerflex common stock. The Schedule 13G/A amendment lists this position and related voting and dispositive powers.

Who has voting power over the shares reported for EFXT?

The filing states sole voting power for 11,814,885 shares. That means the filer can direct voting for those shares as reported in the Schedule 13G/A amendment.

Does the Schedule 13G/A show Connor, Clark & Lunn will sell or buy EFXT shares?

No transaction is reported. The amendment discloses beneficial ownership and power to vote/dispose; it does not state any sale or purchase instruction or planned transaction in this excerpt.

When was this ownership position certified for Enerflex?

The Schedule 13G/A amendment is signed by the filer’s Chief Compliance Officer on 05/05/2026, indicating the date the amendment was executed and filed as shown in the excerpt.

What does ‘sole dispositive power’ mean in this filing for EFXT?

Here it denotes exclusive authority to direct the sale or disposition of 12,761,265 shares held by the filer. The Schedule 13G/A lists that number as the filer’s dispositive power over Enerflex common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 04:25 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Enerflex Ltd.

(Name of Issuer)

COM

(Title of Class of Securities)

29269R105

(CUSIP Number)

04/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 29269R105

1

Names of Reporting Persons

Connor, Clark & Lunn Investment Management Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BRITISH COLUMBIA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,814,885.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,761,265.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,761,265.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Enerflex Ltd.
(b)	Address of issuer's principal executive offices: 1331 MacLeod Trail South East, Calgary, CA-AB, T2G 0K3, CA
Item 2.
(a)	Name of person filing: Connor, Clark & Lunn Investment Management Ltd.
(b)	Address or principal business office or, if none, residence: #2300 - 1111 West Georgia Street, Vancouver, V6E 4M3, BC, Canada
(c)	Citizenship: BRITISH COLUMBIA, CANADA
(d)	Title of class of securities: COM
(e)	CUSIP No.: 29269R105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,761,265
(b)	Percent of class: 10.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11,814,885
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12,761,265
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Connor, Clark & Lunn Investment Management Ltd.

Signature:	Derrick Crowe
Name/Title:	Chief Compliance Officer
Date:	05/05/2026