High Arctic Announces Executive Appointment and Provides Update on Final Order to Approve Plan of Arrangement
High Arctic Announces Executive Appointment and Provides Update on Final Order to Approve Plan of Arrangement
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CALGARY, Alberta, June 12, 2024 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce the appointment of Lonn Bate as Chief Financial Officer ("CFO") effective July 1, 2024 and that it has re-scheduled the hearing for the Court of King's Bench's ("Court") final approval of the previously announced plan of arrangement (the "Arrangement") between the Corporation and High Arctic Overseas Holdings Corp. ("SpinCo") to an earlier date.
加拿大艾伯塔省，2024年6月12日（環球資訊社）——High Arctic Energy Services Inc. (TSX:HWO)（"High Arctic"或"公司"）很高興宣佈，任命Lonn Bate爲首席財務官（"CFO"），任命將於2024年7月1日生效，並且公司已經重新安排了聽審。京王的庭審最終批准公司與High Arctic Overseas Holdings Corp. ("SpinCo")之間的先前宣佈的安排計劃（"安排"）的日期提前了。
Executive Appointment
高管任命
Mr. Bate initially joined the Corporation in March 2023 in a consulting capacity and in August of 2023 took on the role of Interim CFO with a view to strengthening the finance and accounting processes within the Corporation and providing financial leadership for High Arctic to advance its restructuring initiatives that have culminated in the Arrangement.
Bate先生最初在2023年3月以諮詢顧問的身份加入公司，在2023年8月擔任代理首席財務官一職，以加強公司的財務和會計流程，併爲High Arctic提供財務領導，以推進公司的重組計劃，這些計劃已經引發了安排。
Mr. Bate is a Chartered Professional Accountant (CA) with over 25 years of broad financial leadership including substantial periods in senior executive roles of public and private junior energy and energy services companies. Mr. Bate's experience extends to the international as well as the Canadian energy sectors. He brings extensive knowledge in financial stewardship, strategic planning and analysis, equity and debt financing, company reorganizations, mergers and acquisitions, and consolidating global finance teams.
Bate先生是註冊職業會計師（CA），擁有超過25年的廣泛財務領導經驗，其中包括在公共和私人初級能源和能源服務公司的高級行政職務的大部分時間。Bate先生的經驗擴展到國際和加拿大能源部門。他在財務管理、戰略規劃與分析、股權與債務融資、公司重組、併購和整合全球金融團隊方面擁有廣泛的知識。
Mike Maguire, Chief Executive Officer stated: "I am pleased to welcome Mr. Bate as a permanent member of the executive management team at High Arctic. Lonn has been instrumental in navigating the Corporation to a substantial return of capital to shareholders and strategic reorganization. High Arctic is on the precipice of a new chapter focussed on growth and the board and I have every confidence that Lonn is the right person to steward the ongoing financial management to achieve the Corporation's objectives."
首席執行官Mike Maguire表示:"我很高興歡迎Bate先生作爲High Arctic執行管理團隊的常任成員。 Lonn在引導公司實現向股東提供大量回報和戰略重組方面發揮了重要作用。 High Arctic正處於一個專注於增長的新篇章，董事會和我堅信，Lonn是管理持續財務管理以實現公司目標的合適人選。"
Final Order to Approve Plan of Arrangement
批准安排計劃的最終命令
The Court's interim approval of the Arrangement provided that the hearing for the final approval of the Arrangement (the "Final Order") was to be obtained on or after July 12, 2024. By a variance issued by the Court on June 10, 2024, the hearing for the Final Order can now be sought on or after June 27, 2024. The earlier hearing date will permit the Corporation to complete the previously announced return of capital ("Return of Capital") on or around July 17, 2024, earlier than July 24, 2024 as previously announced, subject to approval by the shareholders of the Corporation.
法院的安排計劃的中期批准規定，安排計劃的最終批准（"最終命令"）的聽審應於2024年7月12日或之後獲得。根據法院於2024年6月10日發佈的變更，最終命令的聽證會現在可以在2024年6月27日或之後尋求。更早的聽證日期將使公司能夠在約2024年7月17日左右完成先前宣佈的資本回報（"回報資本"），而不是先前宣佈的2024年7月24日，前提是公司股東批准。
This follows the previously announced conditional approval received for the listing of the new common shares of High Arctic on the TSX following the Arrangement, and TSX conditional approval for the Return of Capital. Application has been made to the TSX Venture Exchange for the listing of the common shares of SpinCo following the Arrangement. The approval of the listing of the SpinCo common shares is a condition to completion of the Arrangement.
這是在安排後在TSX上上市新普通股的先前宣佈的有條件批准，和TSX對資本回報的有條件批准。申請已經提交給TSX Venture Exchange，以在安排完成後上市SpinCo的普通股。SpinCo普通股的上市批准是安排完成的條件之一。
The Corporation reminds shareholders that proxy voting is open for the upcoming annual general and special meeting of shareholders of the Corporation to be held in the Viking Room, Calgary Petroleum Club, 319 5 Avenue SW Calgary, Alberta at 3:00 PM on Monday June 17, 2024. Proxy votes must be received by no later than 3 PM on Thursday June 13, 2024. All shareholders and interested parties are encouraged to attend the meeting in person. Registered shareholders of the Corporation, who do not hold their shares through a brokerage account or other intermediary, may vote their shares in person at the meeting, or by proxy.
公司提醒股東，公司的股東的年度普通股東大會和特別股東大會將於2024年6月17日星期一下午3點在加拿大阿爾伯塔省卡爾加里市的Viking Room，卡爾加里石油俱樂部，319 5大道SW Calgary舉行。股權投票必須在2024年6月13日星期四下午3點之前收到。鼓勵所有股東和利益相關方親自參加會議。公司的註冊股東，不通過證券經紀人或其他中介機構持有其股份的股東，可以親自在會議上投票，或通過代理投票。
For more information on the Arrangement and the Return of Capital, please see the Information Circular and the Corporation's news releases dated May 11, 2024, May 21, 2024 and May 29, 2024, available on the Company's SEDAR+ profile at .
有關安排和回報資本的更多信息，請參見信息通告以及公司於2024年5月11日、2024年5月21日和2024年5月29日發佈的新聞公告，均可在公司的SEDAR+個人檔案中查詢。
About High Arctic
High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta.
關於High Arctic
High Arctic是一家能源服務提供商。在巴布亞新幾內亞，High Arctic提供鑽井和專業井完工服務，並提供租賃設備，包括井場墊、營地、物料處理和鑽井支持設備。在加拿大西部，High Arctic向勘探和生產公司出租壓力控制和其他油田設備，其基礎設施位於艾伯塔省懷特考特和雷德迪爾。
For further information, please contact:
如需更多信息，請聯繫：丹·努恩（Dan Noone）
Lonn Bate
Interim Chief Financial Officer
1.587.318.2218
1.800.668.7143
Lonn Bate
臨時首席財務官
1.587.318.2218
1.800.668.7143
High Arctic Energy Services Inc.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website:
Email: info@haes.ca
High Arctic Energy Services Inc.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website:
電子郵件：info@haes.ca
Forward-Looking Statements
前瞻性聲明
Forward-Looking Statements. Certain statements contained in this press release may constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. High Arctic believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors. These statements speak only as of the date of this press release and are expressly qualified, in their entirety, by this cautionary statement.
前瞻性聲明。本新聞稿中包含的某些陳述可能構成前瞻性聲明。這些陳述涉及未來事件。所有非歷史事實陳述可能是前瞻性聲明。前瞻性聲明通常是通過使用諸如“尋求”、“預計”、“計劃”、“繼續”、“估算”、“預期”、“可能”、“將會”、“項目”、“預測”、“潛在”、“針對”、“打算”、“可能”、“應該”、“相信”等類似表達方式識別的。這些陳述涉及已知和未知的風險、不確定性和其他因素，可能導致實際結果或事件與此類前瞻性聲明所預期的不同。High Arctic認爲這些前瞻性聲明反映了合理的預期，但無法保證這些預期將證明是正確的，因此投資者不應過度依賴本新聞稿中包含的這些前瞻性聲明。這些聲明僅在本新聞稿發表的日期有效，並受到本警示聲明的明確規定。
In particular, this press release contains forward-looking statements pertaining to the following: the timing and anticipated receipt of regulatory, court and shareholder approvals for the Arrangement; the listing of the SpinCo common shares on the TSX Venture Exchange; the ability of High Arctic to satisfy the other conditions to, and to complete, the Arrangement; and the closing of the Arrangement; the approval by the Board and the amount and payment of the Return of Capital.
特別地，本新聞發佈包含涉及以下的前瞻性聲明：安排的立法機構、法院和股東批准的時間和預計，SpinCo普通股在tsx Venture Exchange上市的能力，High Arctic滿足其他條件，並完成安排的能力，安排的關閉，董事會的批准，以及資本回報的金額和支付。
In respect of the forward-looking statements and information concerning the anticipated completion of the proposed Arrangement and related transactions, High Arctic has provided them in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner, the necessary regulatory, court, shareholder and other third party approvals; and the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Arrangement. These dates may change for a number of reasons, including unforeseen delays in preparing meeting material; inability to secure necessary shareholder, regulatory, court or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Arrangement. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times.
關於有關擬議中的安排及相關交易的前瞻性聲明和信息，High Arctic相信其在現時的基礎上提供對某些可行性指標的依賴，包括假設各方當事人能夠及時地獲得必要的監管、法院、股東和其他第三方批准；各方當事人能夠及時地滿足其他完成安排的條件。這些時間可能因多種原因而改變，包括準備會議材料的意外延遲；在預定時間內無法獲得必要的股東、監管、法院或其他第三方批准；或需要額外的時間滿足完成安排的其他條件。因此，讀者不應過多依賴本新聞稿中有關上述時間的前瞻性聲明和信息。
This forward-looking information represents High Arctic's views as of the date of this document and such information should not be relied upon as representing its views as of any date subsequent to the date of this document. High Arctic has attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required by law, High Arctic undertakes no obligation to publicly update or revise any forward-looking statements.
本前瞻性信息代表High Arctic截至本文檔日期的觀點，不應作爲其在本文檔日期之後觀點的依據。High Arctic已嘗試確定可能導致前瞻性信息與通過前瞻性信息表達的當前預期或估計不同的重要因素，但可能存在其他導致結果、表現或成就與預期或估計不同的因素，並且這些因素可能導致實際結果、表現或成就與目前的預期或估計存在實質性差異。因此，讀者不應過度依賴前瞻性信息。除法律規定外，High Arctic無義務公開更新或修訂任何前瞻性聲明。
譯文內容由第三人軟體翻譯。