Stella-Jones Announces Normal Course Issuer Bid

Core Viewpoint - Stella-Jones Inc. has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid, allowing the company to repurchase up to 1,500,000 common shares over a 12-month period, representing approximately 2.7% of its outstanding shares [1][2]. Group 1: Share Repurchase Details - The repurchase will occur on the open market through the TSX, with a daily purchase limit of 22,955 common shares, which is 25% of the average daily trading volume of 91,822 shares [2]. - The company previously repurchased 1,101,732 common shares at a weighted average price of approximately $74.87 per share, totaling around $82.49 million during the prior 12-month period [3]. Group 2: Company Overview - Stella-Jones Inc. is a leading North American manufacturer focused on infrastructure products essential for electrical distribution, transmission, and railway transportation systems [5]. - The company supplies treated wood and steel utility poles, steel lattice towers, and treated wood railway ties, among other products, to major electrical utilities and railway operators across North America [5].