PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading platforms. In accordance with the rules of the TSX governing normal course issuer bids, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 129,317 common shares, representing 25% of the average daily trading volume of common shares on the TSX calculated for the six-month period ended April 30, 2023, being approximately 517,270 common shares. However, the Company may make one block purchase per calendar week which exceeds the daily repurchase restriction. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by PrairieSky.CALGARY, Alberta, May 30, 2023 (GLOBE NEWSWIRE) --
阿爾伯塔省卡爾加裡，2023年5月30日(環球通訊社)
PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB").
PrairieSky Royalty Ltd.(“普雷裡耶天空“或”公司“)(多倫多證券交易所股票代碼：PSK)很高興地宣佈，多倫多證券交易所(The”The“)多倫多證券交易所“)已接受PrairieSky有意開始正常路線發行人投標的通知(”NCIB“)。
On April 17, 2023, PrairieSky announced its intention to seek TSX approval to renew its NCIB for an additional one-year period. The NCIB allows the Company to purchase up to 16,624,000 common shares which represents 7.0% of the common shares outstanding, being 238,916,940 as of May 26, 2023, and 10% of the public float of 166,424,841 common shares which is defined as the common shares outstanding after excluding common shares beneficially owned by directors and executive officers of PrairieSky and persons who beneficially own or exercise control or direction over more than 10% of the issued and outstanding common shares of PrairieSky. The NCIB will commence on June 1, 2023 and will expire no later than May 31, 2024.
2023年4月17日，PrairieSky宣佈打算尋求多倫多證交所批准將其NCIB延長一年。NCIB允許本公司購買最多16,624,000股普通股，相當於2023年5月26日已發行普通股的7.0%，即238,916,940股普通股，以及166,424,841股普通股公眾流通股的10%，普通股定義為剔除PrairieSky董事和高管以及實益擁有或控制或管理PrairieSky超過10%已發行和已發行普通股的人士實益擁有的普通股後的已發行普通股。NCIB將於2023年6月1日開始生效，至遲於2024年5月31日到期。
Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading platforms. In accordance with the rules of the TSX governing normal course issuer bids, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 129,317 common shares, representing 25% of the average daily trading volume of common shares on the TSX calculated for the six-month period ended April 30, 2023, being approximately 517,270 common shares. However, the Company may make one block purchase per calendar week which exceeds the daily repurchase restriction. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by PrairieSky.
根據NCIB，普通股可以在多倫多證券交易所和/或其他加拿大另類交易平臺的公開市場交易中回購。根據多倫多證券交易所管理正常進程發行人投標的規則，公司獲準購買的普通股總數受每日購買上限129,317股普通股的限制，相當於截至2023年4月30日的六個月期間計算的多倫多證券交易所普通股日均交易量的25%，約為517,270股普通股。然而，公司可能會在每個日曆周進行一次超過每日回購限制的大宗購買。根據NCIB購買的任何普通股將在PrairieSky購買後註銷。
PrairieSky currently intends to purchase up to a maximum of 16,624,000 common shares to effect NCIB purchases over the next 12 months through its broker BMO Nesbitt Burns Inc. PrairieSky did not purchase any common shares under its current normal course issuer bid that commenced on May 26, 2022 and ran to May 25, 2023. Since instituting the normal course issuer bid in 2016 to March 31, 2023, PrairieSky has purchased and cancelled an aggregate of 16.7 million common shares at a weighted average price per share of $14.77.
PrairieSky目前打算在未來12個月內通過其經紀商BMO Nesbitt Burns Inc.購買最多16,624,000股普通股，以實現NCIB的購買。PrairieSky沒有根據其目前的正常路線發行人報價購買任何普通股。該報價從2022年5月26日開始，一直持續到2023年5月25日。自2016年啟動正常路線發行人競標以來，截至2023年3月31日，PrairieSky已以每股14.77美元的加權平均價格購買和註銷了總計1670萬股普通股。
The Company believes that from time to time the market price of the Common Shares may not reflect their underlying value. The purchase of Common Shares will increase the proportion of interest of, and be advantageous to, all remaining shareholders. In addition, any purchases by the Company will afford increased liquidity to those shareholders of the Company who may wish to dispose of their Common Shares.
本公司相信，普通股的市價可能不時不能反映其潛在價值。購買普通股將增加所有剩餘股東的權益比例，並對其有利。此外，公司的任何購買將為那些可能希望出售其普通股的公司股東提供更多的流動資金。
FORWARD-LOOKING STATEMENTS
前瞻性陳述
This press release contains certain forward-looking statements. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", "intends", and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include our expectations with respect the number of common shares under NCIB purchases to be effected over the next 12 months.
本新聞稿包含某些前瞻性陳述。使用“預期”、“預期”、“可能”、“將”、“應該”、“相信”、“打算”以及類似表述中的任何一個都是為了識別前瞻性陳述。本新聞稿中包含的前瞻性陳述包括我們對NCIB購買的普通股數量在未來12個月內的預期。
With respect to forward-looking statements contained in this press release, we have made several assumptions including that the common shares will from time-to-time trade below their value, that the Company will complete purchases of common shares pursuant to the NCIB and those described in detail in our MD&A and the Annual Information Form for the period ended December 31, 2022. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Our actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them.
關於本新聞稿中包含的前瞻性陳述，我們做出了幾項假設，包括普通股將不時低於其價值，公司將根據NCIB以及我們的MD&A和截至2022年12月31日的年度資訊表中詳細描述的那些購買普通股。請讀者和投資者注意，編制此類前瞻性陳述時使用的假設雖然在編制時被認為是合理的，但可能被證明是不準確的，因此不應過度依賴前瞻性陳述。我們的實際結果、業績或成就可能與這些前瞻性陳述中表達或暗示的內容大不相同。我們不能保證預期中的任何事件將會發生或發生，或者如果它們中的任何一個發生了，我們將從中獲得什麼好處。
By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control, including the market price of the common shares being too high to ensure that purchases benefit the Company and its shareholders, impact of general economic conditions, industry conditions, volatility of commodity prices, stock market volatility and failure to execute purchases under the NCIB. The foregoing and other risks are described in more detail in PrairieSky's MD&A and the Annual Information Form for the period ended December 31, 2022 under the headings "Risk Management" and "Risk Factors", respectively, each of which is available at .
就其性質而言，前瞻性陳述會受到許多風險和不確定性的影響，其中一些風險和不確定性是我們無法控制的，包括普通股的市場價格過高，無法確保購買使公司及其股東受益，總體經濟狀況、行業狀況、大宗商品價格的波動、股市波動以及未能根據NCIB執行購買。上述風險和其他風險在PrairieSky的MD&A和截至2022年12月31日的年度資訊表中分別在“風險管理”和“風險因素”標題下進行了更詳細的描述，這兩個標題均可在。
Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess in advance the impact of each such factors on PrairieSky's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
此外，任何前瞻性陳述僅在本新聞稿發佈之日作出，PrairieSky沒有義務更新或修改任何前瞻性陳述，以反映該陳述發表之日之後的事件或情況，或反映意外事件的發生，除非適用的證券法要求。新的因素不時出現，PrairieSky無法預測所有這些因素，也無法預先評估每個因素對PrairieSky業務的影響，或任何因素或因素組合可能導致實際結果與任何前瞻性陳述中包含的結果大不相同的程度。
The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
本新聞稿中包含的前瞻性陳述明確地受到本警示性聲明的限制。
ABOUT PRAIRIESKY ROYALTY LTD.
關於PrairieSky Royalty Ltd.
PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky's common shares trade on the Toronto Stock Exchange under the symbol PSK.
PrairieSky是一家專注於特許權使用費的公司，通過其物業生產石油和天然氣，產生特許權使用費收入。PrairieSky擁有多樣化的物業組合，這些物業在運營中產生資金的歷史悠久，代表著加拿大最大和最集中的獨立擁有的費用簡單礦業權頭寸。PrairieSky的普通股在多倫多證券交易所交易，代碼為PSK。
FOR FURTHER INFORMATION PLEASE CONTACT:
欲瞭解更多資訊，請聯繫：
PrairieSky Royalty Ltd.
PrairieSky Royalty Ltd.
Investor Relations
(587) 293-4000
投資者關係
(587)293-4000
PDF available:
可用的PDF：
譯文內容由第三人軟體翻譯。
