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Calian Announces Normal Course Issuer Bid
Globenewswire· 2025-08-28 14:25
Core Viewpoint - Calian Group Ltd. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase shares, reflecting the company's belief that its current share price undervalues its intrinsic strength and long-term potential [2][6]. Group 1: NCIB Details - The NCIB will allow Calian to purchase up to 796,283 shares, approximately 10% of its public float, during the period from September 1, 2025, to August 31, 2026 [2][8]. - As of August 18, 2025, Calian had 11,344,555 shares issued and outstanding, and the daily purchase limit will not exceed 8,318 shares, which is 25% of the average daily trading volume [2][8]. - The company has entered into an automatic share purchase plan (ASPP) with Desjardins Securities Inc. to facilitate share purchases during regulatory restrictions or blackout periods [4][5]. Group 2: Financial Performance and Outlook - Since initiating the previous NCIB in August 2023, Calian has repurchased 704,450 shares for a total investment of $33 million, demonstrating a strong commitment to shareholder value [2]. - The company has achieved over 10 consecutive years of record revenue and has a backlog of $1.5 billion, indicating robust growth potential, particularly in the defense sector [2][6]. Group 3: Shareholder Benefits - The board believes that repurchasing shares at current market prices is a desirable use of corporate funds, which is expected to benefit all shareholders by increasing their equity interest when repurchased shares are cancelled [6][7].
Calian Reaffirms Strategic Direction and Commitment to Long-Term Shareholder Value
Globenewswire· 2025-08-27 20:17
Core Viewpoint - Calian Group Ltd. is focused on long-term value creation through a clear strategy that includes disciplined capital allocation and operational excellence in high-growth sectors [2][3]. Group 1: Company Strategy - The company acknowledges Plantro Ltd.'s request to review its strategy, indicating a willingness to engage with stakeholders [1]. - Recent strategic actions include consolidating key business units, refreshing the Board of Directors with experienced professionals, and exploring options for non-core assets [3]. - Calian emphasizes its commitment to evolving the business to capture market opportunities and deliver long-term shareholder value [3]. Group 2: Stakeholder Engagement - Calian regularly engages with shareholders and values constructive input, promising to communicate any material developments publicly [4]. Group 3: Company Overview - Calian has over 40 years of experience in delivering mission-critical solutions across various sectors, including defence, space, and healthcare [5]. - The company employs over 5,000 people globally and focuses on overcoming obstacles, managing risks, and driving progress in critical industries [5].
Calian to Hold Conference Call Following Announcement of Third Quarter FY 2025 Results
Globenewswire· 2025-07-30 14:15
Core Points - Calian Group Ltd. will hold a conference call on August 13, 2025, to discuss its financial results for the three-month period ending June 30, 2025, with results released before market opening [1] - Participants can access the live presentation through the Calian website or directly via a provided URL, with a replay available shortly after the call [2] - Calian has over 40 years of experience in delivering mission-critical solutions across various sectors, including defence, space, and healthcare, employing over 5,000 people globally [3]
Calian Receives Dual Recognition for Excellence and Culture from Iconic Media Brands
Globenewswire· 2025-07-15 17:20
Core Insights - Calian Group Ltd. has been recognized by TIME Magazine as one of Canada's Best Companies and by Forbes as one of Canada's Best Employers for Company Culture, highlighting its commitment to excellence and a positive workplace environment [1][2][3] Company Performance - The recognitions reflect Calian's strong performance metrics over the past three years, including employee satisfaction, revenue growth, and sustainability transparency [3] - The company has a global team of 5,000 employees who contribute to its success and community impact [3][4] Company Culture - Calian emphasizes the importance of its employees, stating that they are the backbone of the company and crucial for its high performance and innovation [4] - The company focuses on diversity, equity, inclusion, and belonging to enhance its workplace culture and better serve its communities [4] Industry Position - Calian is positioned as a leader in delivering mission-critical solutions across the defence, space, and healthcare sectors, showcasing its momentum in these strategic industries [2][3] - The company aims to combine purpose with progress as it continues to grow and innovate [3] Company Overview - With over 40 years of experience, Calian provides mission-critical solutions that empower organizations in critical industries to manage risks and drive progress [6] - The company is headquartered in Ottawa, Canada, and is trusted worldwide for its tailored solutions that address complex challenges [6]
Calian Reinforces Support for Canadian Armed Forces with $250M Contract Amendment
Globenewswire· 2025-07-08 11:00
Core Points - Calian Group Ltd. announced a $250 million amendment to its Health Care Provider Recruitment contract with the Department of National Defence, reinforcing its commitment to the Canadian Armed Forces [1][2][4] - The contract amendment consolidates unspent funds from Option Period 5 with planned funding for Option Period 6, ensuring uninterrupted delivery of healthcare services across CAF clinics [3][4] - Calian's total contract backlog now stands at $1.6 billion, with two-thirds related to its defence business, highlighting the ongoing partnership with government and military organizations [4][5] Company Commitment - Calian has been a reliable partner to Canada's military for over two decades, providing integrated healthcare solutions that are vital for the operational readiness of the Canadian Armed Forces [5][6] - The company emphasizes the importance of health in maintaining operational readiness, stating that a healthy force is essential for resilience [3][5] Services Offered - Calian supports the Department of National Defence with various mission-critical solutions, including healthcare, training and simulation, IT modernization, cybersecurity, satellite communications, and manufacturing and engineering [6]
Chris Pogue Joins Calian as President, Defence & Space, Powering Calian’s Next-Generation Defence and Space Capabilities
Globenewswire· 2025-06-24 11:05
Core Insights - Calian Group Ltd. has appointed Chris Pogue as President of Defence & Space, effective July 7, 2025, to lead a newly created organization that integrates its Advanced Technologies and Learning business units [1][2] - Pogue brings over 20 years of experience in defence and space innovation, having previously served as President and CEO of Thales Canada and held leadership roles at MDA Government and General Dynamics [2] - The appointment aligns with Calian's One Calian 2026 strategy, enhancing its capability to deliver mission-critical solutions amid growing global demand [3] Company Overview - Calian Group Ltd. focuses on mission-critical solutions in defence, space, healthcare, and strategic growth critical infrastructure sectors [1] - The company has a 40-year history and operates in North American, European, and international markets, emphasizing values such as customer commitment, integrity, innovation, respect, and teamwork [4]
Calian Acquires Advanced Medical Solutions to Expand and Improve Healthcare in Canada’s North
Globenewswire· 2025-05-14 10:50
The strategic acquisition will strengthen access to care, enhance outcomes and support local healthcare teamsOTTAWA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a trusted provider of mission-critical solutions for defence, space and healthcare announced today it has acquired Advanced Medical Solutions (AMS), a leading provider of remote and emergency healthcare services in Northern Canada. The acquisition is effective immediately. About AMS Headquartered in Yellowknife, Northwest ...
Calian Responds to Rising Need for Mental Health Support for Canada’s Frontline
Globenewswire· 2025-05-05 13:42
With rising demands in recruitment and employee mental health, Calian is responding with assessment and wellness solutions OTTAWA, Ontario, May 05, 2025 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a trusted provider of mission-critical solutions for defence, space and healthcare, is responding to rising national demand for psychological services for Canada's public safety agencies across the country. Following a 25% year-over- year growth in fiscal year 2024, Calian's psychological services team is al ...
Calian to Hold Conference Call Following Announcement of Second Quarter FY 2025 Results
Globenewswire· 2025-04-30 17:59
Group 1 - Calian Group Ltd. will hold a conference call on May 14, 2025, at 8:30 a.m. Eastern Time to discuss its financial results for the three-month period ended March 31, 2025 [1] - The financial results will be released before the market opens on the same day [1] - Interested participants can access the conference call via the Calian website or directly through a provided URL [2] Group 2 - Calian is a diverse products and services company that provides innovative solutions in healthcare, communications, learning, and cybersecurity [3] - The company has a stable and growing presence, being in operation for 40 years and headquartered in Ottawa, with projects across North America, Europe, and international markets [3]