Badger Infrastructure Solutions Plans to Renew Share Buyback Program
Badger Infrastructure Solutions Announces Notice of Renewal
CALGARY, Alberta – Recently, Badger Infrastructure Solutions Ltd. (TSX:BDGI) revealed its plan to renew its normal course issuer bid. This move is designed to purchase up to 2,910,453 common shares, demonstrating the company’s commitment to enhancing shareholder value.
Understanding the Normal Course Issuer Bid (NCIB)
The normal course issuer bid, or NCIB, is a mechanism that allows Badger to repurchase its shares from the market. This strategy not only aids in the cancellation of shares but also has the potential to increase the stock price by reducing the overall supply available. The bid is set to commence on August 26, 2025, and will continue for one year, ending on the earlier of August 25, 2026, or when the intended shares are repurchased.
Market Reactions and Expectations
Badger believes that the market price of its common shares may occasionally fail to reflect the underlying value of the company. This NCIB initiative presents a significant opportunity for Badger to leverage its capital effectively, potentially offering increased long-term returns for its shareholders.
Details of the NCIB Process
The maximum number of shares that Badger may repurchase represents approximately 10.0% of its public float based on recent data. Moreover, the company has a daily purchase limit of 23,249 common shares in accordance with guidelines set forth by the Toronto Stock Exchange (the “Exchange”). This limit is based on a percentage of the average daily trading volume, ensuring the purchases are conducted responsibly and without disrupting the market.
Automatic Securities Purchase Plan Approval
In conjunction with the NCIB, an Automatic Securities Purchase Plan (ASPP) has also been approved. This plan allows for shares to be repurchased during blackout periods, adding a layer of flexibility to consumers and investors alike. Under the ASPP, purchases will be made by Badger’s broker in compliance with the Exchange's regulations and Canadian securities laws.
Past NCIB Performance
Looking back, the previous NCIB, which began in August 2024 and concluded in August 2025, allowed Badger to cancel 733,200 shares at an average price of CAD$37.49. This previous experience sets a positive tone for anticipated outcomes within the renewed bid.
Who Is Badger Infrastructure Solutions Ltd.?
Badger Infrastructure Solutions Ltd., recognized as North America's largest non-destructive excavation provider, caters to a diverse clientele in infrastructure and commercial construction. The company’s operations often intersect with critical underground utilities, where safety is paramount.
Innovative Excavation Technology
One of Badger’s key innovations is the Badger Hydrovac™, which utilizes pressurized water to liquefy soil, ensuring safe excavation around vital infrastructures. This technology distinguishes Badger from competitors, primarily as they design and manufacture their hydrovac units in Red Deer, Alberta. The plant boasts a considerable production capacity, enabling the company to meet growing market demands.
Extending Their Service Offering
In addition to the Hydrovac, Badger has introduced a refurbishment program aimed at maximizing the operational life of their equipment. This initiative demonstrates Badger's dedication not only towards innovation but also towards sustainable practices in the industry. The company also offers a variety of specialized units, such as combo trucks and airvacs, enhancing its service portfolio.
Contact Information
For those interested in learning more about Badger Infrastructure Solutions Ltd. and their renewable initiatives, the company’s leadership includes:
- Robert Blackadar, President & Chief Executive Officer
- Robert Dawson, Chief Financial Officer
Badger Infrastructure Solutions Ltd.
#3100, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
Telephone: (403) 264-8500
Website: www.badgerinc.com
Frequently Asked Questions
What is a normal course issuer bid (NCIB)?
An NCIB is a program that allows a company to repurchase its outstanding shares from the marketplace to reduce the number of shares available, thus potentially enhancing shareholder value.
How long will the renewed NCIB be in effect?
The renewed NCIB is set to commence on August 26, 2025, and will end on August 25, 2026, unless terminated earlier.
What is the maximum number of shares Badger can repurchase?
Badger can repurchase up to 2,910,453 common shares under the renewed NCIB.
What technology does Badger Infrastructure use?
Badger primarily uses the Badger Hydrovac™, which offers non-destructive excavation capabilities to safely manage critical infrastructure projects.
Who can I contact for more information about Badger?
For inquiries, you can contact Robert Blackadar, President & CEO, or Robert Dawson, CFO, through Badger’s official contact number.
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