09:05 AM EDT, 08/15/2025 (MT Newswires) -- Aecon Group ( AEGXF ) , a construction and infrastructure development company, said Friday that it secured TSX approval to renew its normal course issuer bid.

Under the NCIB, Aecon ( AEGXF ) may purchase for cancellation up to 3,180,767 shares or 5% of the company's issued and outstanding shares from Aug. 19, 2025, to Aug. 18, 2026, or earlier.

Aecon's ( AEGXF ) previous NCIB is expiring Aug. 18, 2025.

The company will fund the NCIB using existing cash resources or its senior credit facility.

Aecon ( AEGXF ) believes that repurchasing of its shares at certain market prices is an appropriate and desirable use of the company's funds that is in the best interests of shareholders.

Aecon's ( AEGXF ) share price dropped 1.8% on Thursday to $20.38 on the TSX.