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Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2025-2026
Calgary, Alberta--(Newsfile Corp. - September 30, 2025) - Trican Well Service Ltd. (TSX: TCW...
About this update from Trican Well Service Ltd.
[{"type":"text","content":"Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2025-2026Calgary, Alberta--(Newsfile Corp. - September 30, 2025) - Trican Well Service Ltd. (TSX: TCW) (\"Trican\" or the \"Company\") is pleased to announce that the Toronto Stock Exchange (the \"TSX\") has accepted its application to renew its normal course issuer bid (\"NCIB\"). The NCIB allows for Trican to purchase up to 18,405,613 Common Shares, representing 10% of the Company's public float, as defined by the TSX, as of September 22, 2025. The NCIB will be in place from October 5, 2025 to October 4, 2026, or until such earlier time as the NCIB is completed or terminated at the option of Trican. As at September 22, 2025, there were 212,231,345 Common Shares of Trican issued and outstanding and the public float for the Company's Common Shares was 184,056,131.Under TSX rules, the Company is subject to a daily purchase limit of 131,393 Common Shares, representing 25% of the average daily trading volume of 525,572 Common Shares on the TSX for the six calendar months ended August 31, 2025. However, the Company may make one block purchase per calendar week which exceeds such daily purchase restrictions. All Common Shares purchased through the NCIB will be returned to treasury for cancellation. All purchases will be made through the facilities of the TSX or Canadian alternative trading systems at the prevailing market price at the time of such transaction.The Company intends to enter into an automatic securities purchase plan with a designated broker whereby Common Shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods. Under its 2024-2025 NCIB program (the \"2024-2025 Program\") Trican purchased 13,187,215 Common Shares as at September 30, 2025, for aggregate consideration of $56.4 million at a weighted average price per share of $4.27, which is 69% of the maximum amount of shares allowable under the 2024-2025 Program of 19,010,793 Common Shares. The 2024-2025 Program was in place from October 5, 2024 to October 4, 2025. Since initiating its NCIB strategy in 2017, Trican has repurchased 177 million Common Shares or approximately 51% of the Company's issued and outstanding shares at that time.Providing returns to shareholders remains core to...