North American Construction Group Ltd. Announces Share Purchase Program in Canada and the United States

Apr 06, 2022

ACHESON, Alberta, April 06, 2022 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced that it intends to commence a normal course issuer bid (the “NCIB”) to purchase, for cancellation, up to 2,113,054 common shares in the capital of the Company (“Common Shares”), which represents approximately 10% of the public float (as defined in the TSX Company Manual) and approximately 7.05% of the issued and outstanding Common Shares as of March 31, 2022. As at March 31, 2022, the Company had 29,974,336 Common Shares issued and outstanding. In connection with the shares purchasable under the NCIB, the Company has entered into an automatic share purchase plan (“ASPP”) with its designated broker.

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