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.
艾伯塔省卡爾加里，2024年6月25日（GLOBE NEWSWIRE）——Petrus Resources Ltd.（“Petrus”）（多倫多證券交易所：PRQ）欣然宣佈，多倫多證券交易所（“TSX”）已接受彼得魯斯關於打算延長其正常發行人出價（“NCIB”）的通知。NCIB允許彼得魯斯在自2024年6月28日起的十二個月內購買最多6,218,596股普通股（佔截至2024年6月14日彼得魯斯已發行普通股的5％）。2024年6月14日，彼得魯斯有124,371,925股已發行普通股。NCIB將在2025年6月27日之前到期。
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.
根據NCIB，普通股可以通過多倫多證券交易所和/或另類加拿大交易系統的設施在公開市場上回購，並根據多倫多證券交易所關於正常發行人出價的規則。允許Petrus通過多倫多證券交易所設施購買的普通股總數的每日購買限額爲12,509股普通股，佔截至2024年5月31日的六個月期間多倫多證券交易所50,039股普通股平均每日交易量的25％。但是，Petrus每個日曆周可能會進行一次大宗購買，這超過了此類每日回購限制。根據NCIB購買的任何普通股都將被取消。
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，有時，現行股價並不能反映普通股的潛在價值，回購普通股進行註銷是一個有吸引力的機會，可以提高Petrus的每股指標，從而增加Petrus普通股對股東的潛在價值。
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.
關於NCIB，Petrus已與指定經紀人制定了自動股票購買計劃（“ASPP”）。ASPP旨在幫助在NCIB下回購普通股，在此期間，由於監管限制或慣常的自我封鎖期，Petrus通常會被限制進行購買。在任何特定的交易封鎖期開始之前，Petrus可以自行決定指示其指定經紀人在隨後的封鎖期內根據ASPP的條款收購NCIB下的普通股。此類收購將由指定經紀人根據Petrus根據多倫多證券交易所法規、相關證券法和ASPP條款設定的購買標準獨立決定。ASPP已獲得多倫多證券交易所的預先批准。在預定義的封鎖期之外，根據多倫多證券交易所法規和適用的證券法，管理層可以自行決定在NCIB下購買普通股。
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，根據彼得魯斯目前的NCIB，該NCIB的有效期爲2023年6月28日至2024年6月27日，根據該計劃，彼得魯斯最多可以回購6,192,425股普通股，彼得魯斯已以每股加權平均價格1.33美元回購了594,800股普通股。根據當前NCIB回購的所有普通股均已取消。
ABOUT PETRUS
關於 PETRUS
Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.
Petrus是一家加拿大上市的石油和天然氣公司，專注於艾伯塔省的房地產開發、戰略收購和風險管理勘探。
For further information, please contact:
欲了解更多信息，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
E: kgray@petrusresources.com
譯文內容由第三人軟體翻譯。