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CES ENERGY SOLUTIONS CORP. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
CES ENERGY SOLUTIONS CORP. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID Canada NewsWir...
About this update from Ces Energy Solutions Corp
[{"type":"text","content":"\n\n\n\n CES ENERGY SOLUTIONS CORP. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n July 18, 2025\n \n\n /CNW/ -\n \n CES Energy Solutions Corp.\n \n (\"\n \n CES\n \n \" or the \"\n \n Corporation\n \n \") (TSX: CEU) (OTC: CESDF) is pleased to announce that the Toronto Stock Exchange (the \"\n \n TSX\n \n \") has accepted CES' notice of its intention to implement a normal course issuer bid (\"\n \n NCIB\n \n \"). The NCIB effectively renews the previous NCIB which will terminate on\n \n July 18, 2025\n \n , when, pursuant to the Corporation's Automatic Securities Purchase Plan instructions, the maximum number of issued and outstanding common shares of the Corporation (the \"\n \n Common Shares\n \n \") will be repurchased.\n \n\n Under the previous NCIB, 19,198,719 Common Shares will have been acquired through market purchases on the TSX and other alternative Canadian securities trading platforms, at a volume-weighted average purchase price of approximately\n \n $7.46\n \n per Common Share.\n \n\n CES' Board of Directors and management continue to believe that from time to time the market price of CES' Common Shares do not reflect their underlying value. Accordingly, the renewal of CES' NCIB provides the Corporation with an additional capital allocation alternative that allows CES to reduce the Corporation's Common Shares, providing an attractive opportunity to enhance shareholder value.\n \n\n As of\n \n July 9, 2025\n \n , there were 220,107,663 issued and outstanding Common Shares and a public float of 189,115,243 Common Shares. Pursuant to the renewed NCIB, CES may purchase through the facilities of the TSX and other alternative Canadian securities trading platforms, from time to time over the next 12 months, up to 18,911,524 Common Shares, being 10.0% of the public float of Common Shares. Common Shares purchased under the NCIB will be subsequently cancelled by the Corporation.  The NCIB will commence...