Source Energy Services Renews Normal Course Issuer Bid Program For 2026-2027
Source Energy Services' (SHLE.TO) notice of intention to renew its Normal Course Issuer Bid (NCIB) has been accepted by the Toronto Stock Exchange (TSX), it said on Wednesday.As of May 15, there were 13.1-million common shares outstanding. The company is planning to buy back the lesser of $4 million worth of its common shares or 996,288 common shares.The bid will start on May 29, and will cancel on the earlier of May 28, 2027, and the date on which the maximum number of common shares are purchased pursuant to NCIB, being the lesser of $4.0 million of common shares or 996,288 common shares, it said.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 blackouts.Shares of the company closed down 1.8% to $14.48 on Tuesday on the TSX.
