Enterprise Group, Inc. (TSX:E) announces an Equity Buyback for 3,855,907 shares, representing 7.35% of its issued share capital.
August 21, 2019 at 09:11 am EDT
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Enterprise Group, Inc. (TSX:E) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,855,907 shares, representing 7.35% of its issued share capital. The repurchased shares will be cancelled. The bid will expire on August 22, 2020, or on such earlier date when the bid is completed or terminated at the option of the company. As at August 19, 2019, the company had 52,492,874 issued and outstanding shares.
Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.
ENTERPRISE GROUP, INC. 
