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CES Energy Solutions Corp. Announces Renewal of Normal Course Issuer Bid, Declares Cash Dividend and Provides Q2 Conference Call Details
CES Energy Solutions Corp. Announces Renewal of Normal Course Issuer Bid, Declares Cash Di...
About this update from Ces Energy Solutions Corp
[{"type":"text","content":"\n\n\n\nCES Energy Solutions Corp. Announces Renewal of Normal Course Issuer Bid, Declares Cash Dividend and Provides Q2 Conference Call Details\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, July 11, 2019\n\n\n\nCALGARY, July 11, 2019 /CNW/ - CES Energy Solutions Corp.  (\"CES\" or the \"Corporation\") (TSX: CEU and OTC - Nasdaq Intl: CESDF) is pleased to announce that the Toronto Stock Exchange (the \"TSX\") has accepted CES's notice of its intention to implement a normal course issuer bid (\"NCIB\").  The NCIB effectively renews the existing NCIB which is scheduled to terminate on July 16, 2019.\n\n \n \n\n \nCES's Board of Directors and management continue to believe that the market price of CES's common shares do not reflect their underlying value.  Accordingly, the renewal of CES' NCIB will allow CES to opportunistically reduce the issued and outstanding common shares of the Corporation (the \"Common Shares\") and enhance shareholder value.\nPursuant to the renewed NCIB, CES may purchase through the facilities of the TSX and other alternative securities trading platforms, from time to time over the next 12 months, up to 18,649,192 Common Shares, being 7.5% of the public float of Common Shares.  Common Shares purchased under the NCIB will be subsequently cancelled by the Corporation.  The NCIB will commence on July 17, 2019 and will terminate the earlier of July 16, 2020 or on date on which the maximum number of Common Shares which can be acquired pursuant to the NCIB are purchased.  \nUnder TSX rules, CES may repurchase up to 169,680 Common Shares on any single trading day, being 25% of the average daily trading volume of the Common Shares for the six months ended...