PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, Alberta, May 30, 2023 (GLOBE NEWSWIRE) --
阿尔伯塔省卡尔加里，2023年5月30日(环球通讯社)
PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB").
PrairieSky Royalty Ltd.(“普雷里耶天空“或”公司“)(多伦多证券交易所股票代码：PSK)很高兴地宣布，多伦多证券交易所(The”The“)多伦多证券交易所“)已接受PrairieSky有意开始正常路线发行人投标的通知(”NCIB“)。
On April 17, 2023, PrairieSky announced its intention to seek TSX approval to renew its NCIB for an additional one-year period. The NCIB allows the Company to purchase up to 16,624,000 common shares which represents 7.0% of the common shares outstanding, being 238,916,940 as of May 26, 2023, and 10% of the public float of 166,424,841 common shares which is defined as the common shares outstanding after excluding common shares beneficially owned by directors and executive officers of PrairieSky and persons who beneficially own or exercise control or direction over more than 10% of the issued and outstanding common shares of PrairieSky. The NCIB will commence on June 1, 2023 and will expire no later than May 31, 2024.
2023年4月17日，PrairieSky宣布打算寻求多伦多证交所批准将其NCIB延长一年。NCIB允许本公司购买最多16,624,000股普通股，相当于2023年5月26日已发行普通股的7.0%，即238,916,940股普通股，以及166,424,841股普通股公众流通股的10%，普通股定义为剔除PrairieSky董事和高管以及实益拥有或控制或管理PrairieSky超过10%已发行和已发行普通股的人士实益拥有的普通股后的已发行普通股。NCIB将于2023年6月1日开始生效，至迟于2024年5月31日到期。
Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading platforms. In accordance with the rules of the TSX governing normal course issuer bids, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 129,317 common shares, representing 25% of the average daily trading volume of common shares on the TSX calculated for the six-month period ended April 30, 2023, being approximately 517,270 common shares. However, the Company may make one block purchase per calendar week which exceeds the daily repurchase restriction. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by PrairieSky.
根据NCIB，普通股可以在多伦多证券交易所和/或其他加拿大另类交易平台的公开市场交易中回购。根据多伦多证券交易所管理正常进程发行人投标的规则，公司获准购买的普通股总数受每日购买上限129,317股普通股的限制，相当于截至2023年4月30日的六个月期间计算的多伦多证券交易所普通股日均交易量的25%，约为517,270股普通股。然而，公司可能会在每个日历周进行一次超过每日回购限制的大宗购买。根据NCIB购买的任何普通股将在PrairieSky购买后注销。
PrairieSky currently intends to purchase up to a maximum of 16,624,000 common shares to effect NCIB purchases over the next 12 months through its broker BMO Nesbitt Burns Inc. PrairieSky did not purchase any common shares under its current normal course issuer bid that commenced on May 26, 2022 and ran to May 25, 2023. Since instituting the normal course issuer bid in 2016 to March 31, 2023, PrairieSky has purchased and cancelled an aggregate of 16.7 million common shares at a weighted average price per share of $14.77.
PrairieSky目前打算在未来12个月内通过其经纪商BMO Nesbitt Burns Inc.购买最多16,624,000股普通股，以实现NCIB的购买。PrairieSky没有根据其目前的正常路线发行人报价购买任何普通股。该报价从2022年5月26日开始，一直持续到2023年5月25日。自2016年启动正常路线发行人竞标以来，截至2023年3月31日，PrairieSky已以每股14.77美元的加权平均价格购买和注销了总计1670万股普通股。
The Company believes that from time to time the market price of the Common Shares may not reflect their underlying value. The purchase of Common Shares will increase the proportion of interest of, and be advantageous to, all remaining shareholders. In addition, any purchases by the Company will afford increased liquidity to those shareholders of the Company who may wish to dispose of their Common Shares.
本公司相信，普通股的市价可能不时不能反映其潜在价值。购买普通股将增加所有剩余股东的权益比例，并对其有利。此外，公司的任何购买将为那些可能希望出售其普通股的公司股东提供更多的流动资金。
FORWARD-LOOKING STATEMENTS
前瞻性陈述
This press release contains certain forward-looking statements. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", "intends", and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include our expectations with respect the number of common shares under NCIB purchases to be effected over the next 12 months.
本新闻稿包含某些前瞻性陈述。使用“预期”、“预期”、“可能”、“将”、“应该”、“相信”、“打算”以及类似表述中的任何一个都是为了识别前瞻性陈述。本新闻稿中包含的前瞻性陈述包括我们对NCIB购买的普通股数量在未来12个月内的预期。
With respect to forward-looking statements contained in this press release, we have made several assumptions including that the common shares will from time-to-time trade below their value, that the Company will complete purchases of common shares pursuant to the NCIB and those described in detail in our MD&A and the Annual Information Form for the period ended December 31, 2022. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Our actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them.
关于本新闻稿中包含的前瞻性陈述，我们做出了几项假设，包括普通股将不时低于其价值，公司将根据NCIB以及我们的MD&A和截至2022年12月31日的年度信息表中详细描述的那些购买普通股。请读者和投资者注意，编制此类前瞻性陈述时使用的假设虽然在编制时被认为是合理的，但可能被证明是不准确的，因此不应过度依赖前瞻性陈述。我们的实际结果、业绩或成就可能与这些前瞻性陈述中表达或暗示的内容大不相同。我们不能保证预期中的任何事件将会发生或发生，或者如果它们中的任何一个发生了，我们将从中获得什么好处。
By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control, including the market price of the common shares being too high to ensure that purchases benefit the Company and its shareholders, impact of general economic conditions, industry conditions, volatility of commodity prices, stock market volatility and failure to execute purchases under the NCIB. The foregoing and other risks are described in more detail in PrairieSky's MD&A and the Annual Information Form for the period ended December 31, 2022 under the headings "Risk Management" and "Risk Factors", respectively, each of which is available at .
就其性质而言，前瞻性陈述会受到许多风险和不确定性的影响，其中一些风险和不确定性是我们无法控制的，包括普通股的市场价格过高，无法确保购买使公司及其股东受益，总体经济状况、行业状况、大宗商品价格的波动、股市波动以及未能根据NCIB执行购买。上述风险和其他风险在PrairieSky的MD&A和截至2022年12月31日的年度信息表中分别在“风险管理”和“风险因素”标题下进行了更详细的描述，这两个标题均可在。
Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess in advance the impact of each such factors on PrairieSky's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
此外，任何前瞻性陈述仅在本新闻稿发布之日作出，PrairieSky没有义务更新或修改任何前瞻性陈述，以反映该陈述发表之日之后的事件或情况，或反映意外事件的发生，除非适用的证券法要求。新的因素不时出现，PrairieSky无法预测所有这些因素，也无法预先评估每个因素对PrairieSky业务的影响，或任何因素或因素组合可能导致实际结果与任何前瞻性陈述中包含的结果大不相同的程度。
The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
本新闻稿中包含的前瞻性陈述明确地受到本警示性声明的限制。
ABOUT PRAIRIESKY ROYALTY LTD.
关于PrairieSky Royalty Ltd.
PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky's common shares trade on the Toronto Stock Exchange under the symbol PSK.
PrairieSky是一家专注于特许权使用费的公司，通过其物业生产石油和天然气，产生特许权使用费收入。PrairieSky拥有多样化的物业组合，这些物业在运营中产生资金的历史悠久，代表着加拿大最大和最集中的独立拥有的费用简单矿业权头寸。PrairieSky的普通股在多伦多证券交易所交易，代码为PSK。
FOR FURTHER INFORMATION PLEASE CONTACT:
欲了解更多信息，请联系：
PrairieSky Royalty Ltd.
PrairieSky Royalty Ltd.
Investor Relations
(587) 293-4000
投资者关系
(587)293-4000
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