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Trican Well Service Ltd. Announces Third Quarter 2025 Conference Call
Newsfile· 2025-10-01 17:53
Calgary, Alberta--(Newsfile Corp. - October 1, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its Third Quarter 2025 results on Tuesday, October 28, 2025 after the close of the market. The Company will host a conference call on Wednesday, October 29, 2025 at 10:00 a.m. MT (12:00 p.m. ET) to discuss its results for the Third Quarter 2025.To listen to the webcast of the conference call, please enter the following URL in your web browser: https://www.gowebcasting.co ...
Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2025-2026
Newsfile· 2025-09-30 22:30
Core Viewpoint - Trican Well Service Ltd. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 18,405,613 common shares, which is 10% of its public float as of September 22, 2025 [1]. Group 1: NCIB Details - The NCIB will be effective from October 5, 2025, to October 4, 2026, or until it is completed or terminated by the company [1]. - As of September 22, 2025, Trican had 212,231,345 common shares issued and outstanding, with a public float of 184,056,131 shares [1]. - The company is subject to a daily purchase limit of 131,393 common shares, which is 25% of the average daily trading volume of 525,572 shares over the past six months [2]. Group 2: Purchase Mechanism - Trican may execute one block purchase per calendar week that exceeds the daily purchase limit [2]. - All shares repurchased through the NCIB will be returned to treasury for cancellation and will be purchased at the prevailing market price [2]. Group 3: Automatic Securities Purchase Plan - The company plans to establish an automatic securities purchase plan with a designated broker to facilitate share repurchases during regulatory restrictions or blackout periods [3]. Group 4: Previous NCIB Performance - Under the previous NCIB program (2024-2025), Trican repurchased 13,187,215 common shares for a total of $56.4 million at an average price of $4.27 per share, which is 69% of the maximum allowable shares under that program [4]. - Since initiating its NCIB strategy in 2017, Trican has repurchased 177 million common shares, approximately 51% of the shares outstanding at that time [5]. Group 5: Shareholder Returns Strategy - Providing returns to shareholders is a core strategy for Trican, which views investment in the NCIB program as an effective method for delivering shareholder returns [6]. - The company is committed to maintaining a financially prudent capital structure while managing the NCIB program according to its financial position and results [6].