Stantec closes $288 million bought deal offering of common shares

Edmonton, alberta, nov. 29, 2023 (globe newswire) -- tsx, nyse:stn stantec inc. (the “corporation” or “stantec”), a global leader in sustainable design and engineering, is pleased to announce that it has closed its previously announced bought deal public offering of common shares (the “offering”). pursuant to the offering, stantec issued 3,108,450 common shares (the “shares”) from treasury, including 405,450 shares issued in connection with the exercise in full of the over-allotment option granted to the underwriters (as defined below), at a price of $92.50 per share, for total gross proceeds of $287,531,625.
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