FirstService Gets TSX Green Light to Buyback Up to 3.9% of Public Float

Dow Jones

Aug 19

By Adriano Marchese

FirstService intends to launch a share repurchase program to buy back up to 3.9% of its issued and outstanding common shares over the course of a one-year period.

The property services said Tuesday that the Toronto Stock Exchange approved its plan to buy back up to 1.6 million of its shares for cancellation by way of a normal course issuer bid.

Shares have risen modestly over the course of the year, up about 5% since January to close on Monday at 273.52 Canadian dollars ($198.15). The stock is up 15% over the past 52 weeks.

At Monday's closing price, the value of the shares intended for buyback would be worth about C$437.6 million.

FirstService can begin buying back shares starting on Aug. 25.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

August 19, 2025 07:50 ET (11:50 GMT)

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