Enerflex Ltd. Announces Approval of Normal Course Issuer Bid

Core Viewpoint - Enerflex Ltd. has received approval from the Toronto Stock Exchange to implement a normal course issuer bid (NCIB) for repurchasing its common shares, which the company believes will be beneficial for its cash resources and shareholders [1][2]. Group 1: NCIB Details - The company is authorized to repurchase up to 6,159,695 common shares, approximately 5% of the public float as of March 18, 2025 [3]. - The NCIB will commence on April 1, 2025, and will terminate no later than March 31, 2026 [4]. - The daily maximum number of shares that can be purchased is 109,475, based on 25% of the average daily trading volume on the TSX [5]. Group 2: Purchase Mechanism - Purchases will be made in accordance with regulatory requirements through various exchanges, and the price will reflect the market price at the time of acquisition [4][5]. - Enerflex has established an automatic share purchase plan (ASPP) with its designated broker, allowing the broker to make purchases at its discretion based on set parameters [6]. Group 3: Company Overview - Enerflex is a global provider of energy infrastructure and energy transition solutions, focusing on natural gas and sustainability [10]. - The company employs over 4,600 professionals dedicated to transforming energy for a sustainable future [10].