<SEC-DOCUMENT>0001171843-23-007195.txt : 20231120
<SEC-HEADER>0001171843-23-007195.hdr.sgml : 20231120
<ACCEPTANCE-DATETIME>20231120165116
ACCESSION NUMBER:		0001171843-23-007195
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20231120
FILED AS OF DATE:		20231120
DATE AS OF CHANGE:		20231120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STANTEC INC
		CENTRAL INDEX KEY:			0001131383
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING SERVICES [8711]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32562
		FILM NUMBER:		231423390

	BUSINESS ADDRESS:	
		STREET 1:		300 10220 103 AVENUE NW
		STREET 2:		EDMONTON ALBERTA T5J 0K4 CANADA
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			00000
		BUSINESS PHONE:		780-917-7000

	MAIL ADDRESS:	
		STREET 1:		300 10220 103 AVENUE NW
		CITY:			EDMONTON, ALBERTA
		STATE:			A0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_112023.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Form
6-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of November 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: <B>001-32562</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>STANTEC INC.<BR>
</B></FONT>(Translation of registrant's name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>300-10220 103 Avenue NW<BR>
Edmonton, Alberta<BR>
Canada T5J 0K4<BR>
</B>(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.<BR>
Form 20-F [ ] Form 40-F [ X ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B><U>STANTEC INC. </U></B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Registrant)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Date: November 20, 2023</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><U>/s/ Theresa B. Y. Jang </U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Theresa B. Y. Jang</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Executive Vice President and CFO</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<IMG SRC="logo.jpg" ALT="" STYLE="height: 39px; width: 150px">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Stantec Announces a $250 Million Public Offering
of Common Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Stantec Inc. (the &#8220;<B>Corporation</B>&#8221;
or &#8220;<B>Stantec</B>&#8221;) (TSX, NYSE: STN), a global leader in sustainable design and engineering, has entered into an agreement
with a syndicate of underwriters (collectively, the &#8220;<B>Underwriters</B>&#8221;), pursuant to which the Corporation will issue from
treasury, and the Underwriters shall purchase on a &#8220;bought deal&#8221; basis, 2,703,000 common shares (the &#8220;<B>Shares</B>&#8221;)
at a price of $92.50 (the &#8220;<B>Offer Price</B>&#8221;) for gross proceeds to the Corporation of approximately $250 million (the &#8220;<B>Offering</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stantec intends to use the net proceeds of the Offering to repay balances
outstanding on its revolving credit facility with the intention of creating additional capacity to fund future acquisition opportunities
and growth initiatives, as well as for general corporate purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 5, 2023, Stantec will release its
2024 &#8211; 2026 Strategic Plan laying out its overall objectives for the next three years. The Offering will be an integral part of
the 2024 &#8211; 2026 Strategic Plan, positioning Stantec to achieve its new growth objectives. Stantec continues to see significant acquisition
opportunities in all its sectors and remains committed to executing on its expansion plans by capitalizing on accretive opportunities
that enhance its operational profile.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;We continue to believe that deploying capital
towards strategic, accretive growth creates the best long-term value for our stakeholders,&#8221; said Gord Johnston, Stantec&#8217;s
President and CEO. &#8220;This Offering signals our confidence in the robustness of the acquisition landscape and, when combined with
our strong balance sheet, positions us to be opportunistic for continued growth.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Underwriters have been granted an over-allotment
option (the &#8220;<B>Over-Allotment Option</B>&#8221;), exercisable in whole or in part on the same terms as the Offering for a period
of 30 days from the closing of the Offering, to purchase additional Shares, representing up to <FONT STYLE="background-color: white">15%</FONT>
of the size of Offering, for additional gross proceeds of up to <FONT STYLE="background-color: white">$37,504,125.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Shares to be issued pursuant to the Offering
and Over-Allotment Option will be offered in all provinces and territories of Canada by way of a prospectus supplement (the &#8220;<B>Prospectus
Supplement</B>&#8221;) to the short form base shelf prospectus (the &#8220;<B>Shelf Prospectus</B>&#8221;) of the Corporation dated November
18, 2022. The Shares will also be offered in the United States by way of private placement. The Offering is made only under the Shelf
Prospectus and the Prospectus Supplement, which contain important detailed information about the Shares. Before investing, prospective
purchasers should read the Shelf Prospectus, the Prospectus Supplement and the documents incorporated by reference therein for more complete
information about Stantec and the Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The issuance of the Shares is subject to customary
approvals of applicable securities regulatory authorities, including the Toronto Stock Exchange (the &#8220;<B>TSX</B>&#8221;) and the
New York Stock Exchange (&#8220;<B>NYSE</B>&#8221;). Closing of the Offering is expected to occur on or about November 29, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No securities regulatory authority has either
approved or disapproved the contents of this press release. The Shares have not been, and will not be, registered under the U.S. Securities
Act, or any state securities laws. Accordingly, the Shares may not be offered or sold within the United States unless registered under
the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S.
Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Stantec</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Communities are fundamental. Whether around the
corner or across the globe, they provide a foundation, a sense of place and of belonging. That&#8217;s why at Stantec, we always design
with community in mind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We care about the communities we serve&#8212;because
they&#8217;re our communities too. This allows us to assess what&#8217;s needed and connect our expertise, to appreciate nuances and envision
what&#8217;s never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We&#8217;re designers, engineers, scientists,
and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities
results in projects that advance the quality of life in communities across the globe.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Stantec trades on the TSX and the NYSE under the
symbol STN.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Cautionary Note Regarding Forward Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain statements contained in this news release
constitute forward-looking statements. These statements include, without limitation, comments about the size and terms of the proposed
Offering, the Over-Allotment Option, the timing and completion of the Offering, the expected use of the net proceeds of the Offering and
the Corporation's ability to capture future growth opportunities. Readers of this news release are cautioned not to place undue reliance
on forward-looking statements since a number of factors could cause actual future results to differ materially from the expectations expressed
in these forward-looking statements. These factors include, but are not limited to, the risk of economic downturn, cash flow projections,
project cancellations, access and retention of skilled labor, decreased infrastructure spending levels, decrease or end to stimulus programs,
changing market conditions for Stantec&#8217;s services, and the risk that Stantec fails to capitalize on its strategic initiatives. Investors
and the public should carefully consider these factors, other uncertainties, and potential events, as well as the inherent uncertainty
of forward-looking statements, when relying on these statements to make decisions with respect to the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Future outcomes relating to forward-looking statements
may be influenced by many factors and material risks. For the three and nine month periods ended September 30, 2023, there has been no
significant change in the risk factors from those described in Stantec's 2022 Annual Report. This report is accessible online by visiting
EDGAR on the SEC website at sec.gov or by visiting the CSA website at sedarplus.ca or Stantec&#8217;s website, Stantec.com. You may obtain
a hard copy of the 2022 annual report free of charge from the investor contact noted below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Contact </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jess Nieukerk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stantec Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ph: 403-569-5389</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">jess.nieukerk@stantec.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ W #<  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !0 3,# 2(  A$! Q$!_\0
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M(R K-.Q7]Z6#9RWKQ@<5\M?M9?\ !)WP1\4[*ZUSX7Q6O@7Q6/G-A&I&FW>
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M"_B_]F?XJ7?AOQ!:S:=J6GSB:RO%^[/&&S'-&PX/8\=#Q7]+M>=_&?\ 9_\
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M_+U K[P_8^_81\%_L4:!/\1_BIKNC2>+8%(;5+JX6/3M*1CM B>4+F1LXWD
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A%% !1110 4444 %%%% !1110 4444 %%%% !1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
