10:42 AM EDT, 08/28/2025 (MT Newswires) -- Calian Group Ltd. ( CLNFF ) was edging up Thursday as it announced that the Toronto Stock Exchange has accepted a notice filed by the company of its intention to make a normal course issuer bid. In connection with the NCIB, the company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its common shares.

Thursday's statement said the notice provides that the company may, during the 12-month period commencing September 1, 2025 and ending August 31, 2026, or on such earlier date as Calian completes its purchases or provides notice of termination, purchase up to 796,283 shares in total, representing approximately 10% of Calian's public float of shares as at August 18, 2025.

"We are renewing our NCIB to maintain the flexibility to repurchase shares, as we continue to believe that Calian's current share price undervalues the intrinsic strength and long-term potential of our business," said Kevin Ford, CEO. "Since initiating the NCIB in August 2023, we have repurchased 704,450 shares for a total investment of $33 million. With over 10 consecutive years of record revenue and a $1.5 billion backlog, our confidence in Calian's future remains strong, particularly as defence-sector momentum continues to support our growth outlook. The NCIB reflects our broader commitment to delivering long-term value to shareholders."

CGY was up 0.25% at last look on the TSX.

Price: 51.80, Change: +0.14, Percent Change: +0.27