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On May 20, 2025, SECURE Waste Infrastructure Corp.announced the final results of its substantial issuer bid (SIB), through which it repurchased 9,382,390 common shares at $14.50 per share. The total transaction value amounted to approximately C$136 million, representing about 4 percent of the company's issued and outstanding shares prior to the offer. This initiative was part of Secure's capital allocation strategy aimed at enhancing shareholder value. The offer, conducted via a modified Dutch auction, was undersubscribed, indicating strong shareholder confidence in the company's long-term prospects.
Parties
Company
SECURE Waste Infrastructure Corp.
Bank
Scotia Capital Inc.
Deal Type
Financing/InvestmentIndustry
EnergyTransaction
$ 136,044,670Deal Status
ClosedClosing Date
20 May 2025