- FirstService Corporation (FSV) has announced a normal course issuer bid
- Between August 26, 2022 and August 25, 2023, the company may purchase up to 1,600,000 common shares for cancellation
- Daily purchases under the NCIB will be limited to 23,559 common shares
- FirstService Corporation is a leader in outsourced property services
- FirstService Corporation (FSV) is up 1.92 per cent on the day, trading at C$172.93 per share at 2 pm ET
FirstService Corporation (FSV) has announced a normal course issuer bid.
Between August 26, 2022, and August 25, 2023, the company may purchase up to 1,600,000 common shares, being 4.2 per cent of the company’s outstanding common shares as of August 12, 2022.
Daily purchases under the NCIB will be limited to 23,559 common shares.
All shares purchased by FirstService under the NCIB will be cancelled.
As of August 12, 2022, there were 44,195,931 common shares of FirstService outstanding, and the public float was 38,587,365 common shares.
FirstService has not purchased any shares for cancellation, as of August 12, 2022, under its previous NCIB expiring on August 25th.
FirstService Corporation is a property service sector leader, serving its customers through two industry-leading service platforms: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high, medium, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers.
FirstService Corporation (FSV) is up 1.92 per cent on the day, trading at C$172.93 per share at 2 pm ET.