Petrus Resources Announces Renewal of Normal Course Issuer Bid
Petrus Resources Announces Renewal of Normal Course Issuer Bid
CALGARY, Alberta, June 25, 2024 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus") (TSX: PRQ) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Petrus' notice of intention to renew its normal course issuer bid (the "NCIB"). The NCIB allows Petrus to purchase up to 6,218,596 common shares (representing 5% of Petrus' outstanding common shares as of June 14, 2024) over a period of twelve months commencing on June 28, 2024. On June 14, 2024, Petrus had 124,371,925 common shares outstanding. The NCIB will expire no later than June 27, 2025.
2024年6月25日,阿爾伯塔省卡爾加里(GLOBE NEWSWIRE)——Petrus Resources Ltd.(“Petrus”)(TSX:PRQ)很高興宣佈,多倫多證券交易所(“TSX”)已接受Petrus的正常課程發行人收購計劃(“NCIB”)的更新意向通知。NCIB允許Petrus在一年期限內從2024年6月28日開始購買高達6218596股常股(佔Petrus截至2024年6月14日尚未流通股份的5%)。2024年6月14日,Petrus共有124371925股普通股未流通。NCIB最遲將在2025年6月27日到期。
Under the NCIB, common shares may be repurchased on the open market through the facilities of the TSX and/or alternative Canadian trading systems and in accordance with the rules of the TSX governing normal course issuer bids. The total number of common shares Petrus is permitted to purchase through the facilities of the TSX is subject to a daily purchase limit of 12,509 common shares, representing 25% of the average daily trading volume of 50,039 common shares on the TSX calculated for the six-month period ended May 31, 2024. However, Petrus may make one block purchase per calendar week which exceeds such daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled.
在NCIB的框架下,普通股可以通過TSX及/或加拿大備選交易系統在公開市場上回購,並根據TSX規定的正常課程發行人收購計劃規則進行回購。Petrus可通過TSX的交易場所購買的普通股的總數受每日購買限制的影響,每日購買限制爲12509股,相當於2024年5月31日結束的六個月期間TSX上的平均每日交易量的25%,爲50039股。然而,每個日曆周,Petrus都可以進行一次超過該日回購限制的大宗購買。任何在NCIB下購買的普通股都將被取消。
Petrus believes that, at times, the prevailing share price does not reflect the underlying value of the common shares and the repurchase of its common shares for cancellation represents an attractive opportunity to enhance Petrus' per share metrics and thereby increase the underlying value of Petrus' common shares to its shareholders.
Petrus認爲,在某些時候,普通股的現行股價並不能反映普通股的基本價值,回購其普通股並予以註銷,代表了提高Petrus每股指標的好機會,從而增加Petrus普通股的基本價值,使其對股東更具吸引力。
In connection with the NCIB, Petrus has established an automatic share purchase plan ("ASPP") with a designated broker. The ASPP is designed to aid in the repurchasing of common shares during periods under the NCIB when Petrus would typically be restricted from making purchases due to regulatory constraints or customary self-imposed blackout periods. Prior to the onset of any specific trading blackout period, Petrus may, at its discretion, instruct its designated broker to acquire common shares under the NCIB during the subsequent blackout period in line with the terms of the ASPP. Such acquisitions will be determined by the designated broker independently, based on purchasing criteria set by Petrus in compliance with TSX regulations, relevant securities laws, and the terms of the ASPP. The ASPP has been pre-cleared by the TSX. Outside of predefined blackout periods, common shares may be bought under the NCIB at the discretion of management, in accordance with TSX regulations and applicable securities laws.
爲了與NCIB相結合,Petrus已經與指定經紀人建立了一項自動股票購買計劃(“ASPP”)。ASPP旨在幫助Petrus在NCIB下的限制交易期內回購普通股,該時期普通股因法規限制或通常的自我帶屏期而無法購買。在任何特定的交易帶屏期開始之前,Petrus可以自行決定指示其指定的經紀人按照ASPP條款在隨後的交易帶屏期內根據Petrus遵守TSX規定,相關證券法律和ASPP條款的購買標準獨立確定。ASPP已被TSX事先批准。在預定義的屏蔽期之外,管理層可以自主決定根據TSX規定和適用的證券法律購買普通股。
As of June 14, 2024, under Petrus' current NCIB that runs from June 28, 2023 to June 27, 2024 and pursuant to which Petrus may repurchase up to 6,192,425 common shares, Petrus has repurchased 594,800 common shares at a weighted average price per share of $1.33. All common shares repurchased under the current NCIB have been canceled.
截至2024年6月14日,在Petrus從2023年6月28日到2024年6月27日運行的當前NCIB下,Petrus可以回購高達6192425股普通股,Petrus已回購594800股普通股,每股加權平均價格爲1.33美元。在當前NCIB下回購的所有普通股均已被註銷。
ABOUT PETRUS
關於彼得魯斯
Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.
彼得魯斯是一家加拿大公共石油和天然氣公司,專注於在阿爾伯塔省進行產權開發、戰略收購和風險管理的勘探。
For further information, please contact:
如需更多信息,請聯繫:
Ken Gray
President and Chief Executive Officer
T: 403-930-0889
E: kgray@petrusresources.com
肯·格雷
總裁兼首席執行官
電話:403-930-0889
電子郵件:kgray@petrusresources.com
譯文內容由第三人軟體翻譯。