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Polaris Renewable Energy Announces Normal Course Issuer Bid

Polaris Renewable Energy Announces Normal Course Issuer Bid

北極星可再生能源宣佈普通路線發行人競標
Accesswire ·  2023/08/21 20:00

TORONTO, ON / ACCESSWIRE / August 21, 2023 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company") today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to proceed with a normal course issuer bid ("NCIB").

多倫多,on/ACCESSWIRE/2023年8月21日/北極星可再生能源公司(多倫多證券交易所股票代碼:PIF)(以下簡稱“北極星”或“公司”)今天宣佈,多倫多證券交易所(多倫多證券交易所)已接受其有意進行正常路線發行人投標(“NCIB”)的通知。

Under the NCIB, Polaris may purchase up to 2,048,273 of its common shares ("Shares"), representing approximately 10% of the Company's public float (as such term is defined in the TSX Company Manual) during the twelve month period commencing August 23, 2023 and ending August 22, 2024. As at August 18, 2023, the Company had 21,025,775 Shares issued and outstanding and its public float consisted of 20,482,730 Shares.

根據NCIB,北極星可以在12個月開始的12個月內購買最多2,048,273股普通股(以下簡稱“股份”),相當於公司公眾流通股的大約10%(該術語在多倫多證券交易所公司手冊中定義)2023年8月23日並於2024年8月22日結束。截至2023年8月18日,公司有21,025,775股已發行和流通的股票,其公眾流通股包括20,482,730股。

The average daily trading volume of the Shares on the TSX for the most recently completed six calendar months prior to the commencement of the NCIB was 29,942. As a result, in accordance with TSX rules, the Company may purchase up to 7,485 Shares on the TSX under the NCIB during any trading day, subject to the Company's ability to purchase additional Shares pursuant to the TSX's block purchase exemption. Any Shares purchased under the NCIB will be cancelled.

在NCIB生效前六個日曆月,多倫多證券交易所股票的平均日成交量為29,942股。因此,根據多倫多證券交易所規則,本公司可在任何交易日根據NCIB在多倫多證券交易所購買最多7,485股股份,但須受本公司根據多倫多證券交易所大宗購買豁免購買額外股份的能力所限。根據NCIB購買的任何股票都將被取消。

The Company's Board of Directors believes that having the NCIB in place provides the Company with flexibility to manage its capital position. The NCIB will enable the Company to use, when determined appropriate, its available free cash to increase shareholder value and is in the best interest of the Company and its shareholders. As at June 30, 2023, the Company had USD$37.3 million of un-restricted consolidated cash on hand.

公司董事會認為,NCIB的成立為公司提供了管理其資本狀況的靈活性。NCIB將使公司能夠在確定適當時使用其可用自由現金來增加股東價值,並符合公司及其股東的最佳利益。截至2023年6月30日,公司手頭有3730萬美元的非限制性合併現金。

Although the Company intends to purchase Shares under the NCIB, there can be no assurances that any purchases will be completed. The timing and amount of purchases, if any, under the NCIB are subject to the discretion of management based on various factors, including prevailing market conditions. Any purchases made under the NCIB will be made by Polaris at the prevailing market price, plus applicable brokerage fees through the facilities of the TSX, and alternative Canadian trading systems.

儘管該公司打算根據NCIB購買股票,但不能保證任何購買都將完成。根據NCIB的規定,購買的時間和數量(如果有)取決於管理層基於各種因素(包括當時的市場狀況)的酌情權。根據NCIB進行的任何購買將由北極星以當時的市場價格進行,外加通過多倫多證券交易所的設施和加拿大替代交易系統支付的適用經紀費用。

About Polaris Renewable Energy Inc.

北極星可再生能源公司簡介

Polaris Renewable Energy Inc. (formerly, Polaris Infrastructure Inc.) is a Canadian publicly traded company engaged in the development, construction, acquisition, and operation of renewable energy projects in Latin America.

北極星可再生能源公司(以前,北極星基礎設施公司。)是一家加拿大上市公司,在拉丁美洲從事可再生能源專案的開發、建設、收購和運營。

The Company's operations are in 5 Latin American countries and include a geothermal plant (~72 MW), 4 run-of-river hydroelectric plants (~33 MW), and 3 solar (photovoltaic) projects in operation (~35 MW).

該公司在5個拉丁美洲國家開展業務,包括一個地熱發電廠(約72兆瓦)、4個徑流水力發電站(約33兆瓦)和3個正在運營的太陽能(光伏)專案(約35兆瓦)。

For more information, contact:

如需更多資訊,請聯繫:

Investor Relations
Polaris Renewable Energy Inc.
Phone: +1 647-245-7199
Email: info@PolarisREI.com

投資者關係
北極星可再生能源公司。
電話:+1 647-245-7199
電子郵件:Info@PolarisREI.com

Cautionary Statements

警示聲明

This press release contains certain "forward-looking information" which may include, but is not limited to, statements with respect to future events or future performance, management's expectations regarding the timing and amount of purchases of Shares, if any, made under the NCIB, as well as the benefits of such purchases, including providing flexibility to the Company in managing its capital position. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. Such factors include, among others, the inability of the Company to pay for any Shares it wishes to purchase, the price of the Shares purchased or the affect that any such purchases have on the Company's capital position, all of which may be affected by such factors as general business, economic, competitive, political and social uncertainties; the actual results of current geothermal, solar and hydro energy production, development and/or exploration activities and the accuracy of probability simulations prepared to predict prospective geothermal resources; changes in project parameters as plans continue to be refined; possible variations of production rates; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the geothermal and hydro power industries; political instability or insurrection or war; labor force availability and turnover; delays in obtaining governmental approvals or in the completion of development or construction activities, or in the commencement of operations; the ability of the Company to continue as a going concern and general economic conditions, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form. These factors should be considered carefully, and readers of this press release should not place undue reliance on forward-looking information.

本新聞稿包含某些“前瞻性資訊”,可能包括但不限於有關未來事件或未來業績的陳述、管理層對根據NCIB購買股票(如果有的話)的時間和金額的預期,以及此類購買的好處,包括在管理其資本狀況方面為公司提供靈活性。這些前瞻性資訊反映了管理層目前的信念,並以管理層目前可獲得的資訊為基礎。前瞻性陳述通常但並非總是可以通過使用“計劃”、“預期”、“預期”、“預算”、“預定”、“估計”、“預測”、“預測”、“打算”、“目標”、“目標”、“預期”或“相信”或這些詞語和短語的變體(包括消極變體)來識別,或可通過某些行動“可能”、“可能”、“應該”、“將”的陳述來識別,“可能”或“將”被採取、發生或實現。許多已知和未知的風險、不確定性和其他因素可能會導致實際結果或表現與前瞻性資訊明示或暗示的任何未來結果或表現大不相同。這些因素包括,除其他外,公司無法支付其希望購買的任何股份,購買的股份的價格或任何此類購買對公司資本狀況的影響,所有這些都可能受到一般業務、經濟、競爭、政治和社會不確定性等因素的影響;當前地熱、太陽能和水電生產、開發和/或勘探活動的實際結果以及為預測未來地熱資源而準備的概率類比的準確性;隨著計劃的不斷完善,專案參數的變化;生產率的可能變化;工廠、設備或工藝未能按預期運行;事故、勞資糾紛和地熱和水電行業的其他風險;政治不穩定或叛亂或戰爭;勞動力的可獲得性和更替;延遲獲得政府批准或完成開發或建設活動或開始運營;公司作為持續經營企業的能力和總體經濟狀況,以及在公司年度資訊表格中題為“風險因素”一節中討論的那些因素。這些因素應慎重考慮,本新聞稿的讀者不應過分依賴前瞻性資訊。

Although the forward-looking information contained in this press release is based upon what management believes to be reasonable assumptions, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The information in this press release, including such forward-looking information, is made as of the date of this press release and, other than as required by applicable securities laws, Polaris assumes no obligation to update or revise such information to reflect new events or circumstances.

儘管本新聞稿中包含的前瞻性資訊是基於管理層認為合理的假設,但不能保證這些前瞻性資訊將被證明是準確的,因為實際結果和未來事件可能與這些資訊中預期的大不相同。因此,讀者不應過分依賴前瞻性資訊。本新聞稿中的資訊,包括此類前瞻性資訊,均為截至本新聞稿發佈之日的資訊,除適用的證券法要求外,北極星沒有義務更新或修改此類資訊以反映新的事件或情況。

SOURCE: Polaris Renewable Energy Inc.

資料來源:北極星可再生能源公司。


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以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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