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MEREN ANNOUNCES RENEWAL OF SHARE BUYBACK PROGRAM
MEREN ANNOUNCES RENEWAL OF SHARE BUYBACK PROGRAM Canada NewsWire /NOT FOR DISTRIBU...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n\n\nMEREN ANNOUNCES RENEWAL OF SHARE BUYBACK PROGRAM\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nVANCOUVER, BC, Dec. 4, 2025 /CNW/ - (TSX: MER) (Nasdaq-Stockholm: MER) (OTCQX: MRNFF) – Meren Energy Inc. (\"Meren\" or the \"Company\") is pleased to announce that the Toronto Stock Exchange (the \"TSX\") has approved the Company's proposed normal course issuer bid (referred to as a share buy-back program in Europe) (the \"NCIB\"). View PDF version\nPursuant to the NCIB, Meren is authorized to repurchase through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems, as and when considered advisable by Meren, up to 21,636,913 common shares of Meren (the \"Common Shares\") for a total maximum amount of US$35,000,000, which represents 5% of the Company's \"public float\" of 432,738,277 Common Shares as at November 24, 2025. As of the same date, Meren had 675,725,593 Common Shares issued and outstanding. Purchases of Common Shares will occur over a period of twelve months commencing December 8, 2025 and ending on the earlier of December 7, 2026, the date on which the Company has purchased the maximum number of Common Shares permitted under the NCIB, and the date on which the NCIB is terminated by Meren.\nThe NCIB is being implemented for the purpose of reducing the capital of the Company and is implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052 and the applicable rules and policies of the TSX and the Nasdaq Stockholm and applicable Canadian and Swedish securities laws.\nThe maximum number of Common Shares which can be repurchased each day on the Nasdaq Stockholm will be 25% of the average daily trading volume of the Common Shares for the 20 trading days preceding the date of purchase, subject to certain exceptions for block purchases. In addition, Meren will be limited to daily purchases of no more ...