High Arctic Announces Return of Capital and Distribution Dates
High Arctic Announces Return of Capital and Distribution Dates
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CALGARY, Alberta, June 28, 2024 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation"), further to its news release dated May 11, 2024, is pleased to announce the dates for a distribution of $0.76 per share to its shareholders by way of return of capital (the "Return of Capital"), which was approved by shareholders at the annual general and special meeting held on June 17, 2024. The record date for the Return of Capital will be July 9, 2024 and the payment date will be July 17, 2024. The Return of Capital is expected to be generally more tax advantageous to shareholders than a dividend.
高北能源服务股份公司(TSX:HWO)进一步发布了新闻稿,宣布在2024年6月17日举行的年度股东大会和特别股东大会上,股东已经批准以资本返还(“资本返还”)的方式为每股0.76美元的价格向其股东派发现金。资本返还的股权登记日为2024年7月9日,支付日为2024年7月17日。资本返还预计对股东普遍比红利更具税收优势。
The Toronto Stock Exchange (the "TSX") has determined to implement due bill trading for the Return of Capital. A due bill is an entitlement that will attach to each share traded, from the record date for the Return of Capital to the payment date, inclusive. Each due bill will notionally represent the $0.76 distribution that a holder of a common share of High Arctic on the record date is entitled to receive pursuant to the Return of Capital. During the due bill trading period, a seller of shares (who is prospectively entitled to the $0.76 distribution) will also sell to the purchaser the entitlement to the distribution (which is represented by the due bill attached to each share sold). Due bill trading defers the ex-distribution date and ensures shareholders are not deprived of the value of the Return of Capital between the record date and the payment date.
多伦多证券交易所(“TSX”)已决定实施分红股将到期交易。分红股是一项权利,从资本返还的记录日至付款日,包括记录日时交易的每股股票的权利都将根据情况附加在上面。每个分红股票都将理论上代表每个股票的分配,其中每个普通股股东在记录日时根据资本回报将获得的分配为0.76美元。在分红股票交易期间,股票的卖方(预计有权获得0.76美元分配的股东)还将向买方出售分配的权利(由出售的每股股票附带的分红股票代表)。分红股票交易推迟了除权日,并确保在记录日期和付款日期之间,股东不会失去资本回报的价值。
Key dates for the Return of Capital are:
资本回报的关键日期为:
- The record date to determine shareholders entitled to receive the distribution will be July 9, 2024;
- Due bill trading will commence on July 9, 2024;
- The payment date for the distribution will be July 17, 2024;
- The ex-distribution date will be July 18, 2024 (the first trading day after the payment date, so that trades on and after that date will not have due bills attached); and
- The redemption date used by CDS will also be July 18, 2024.
- 用于确定有权获得分红分配的股东记录日期为2024年7月9日;
- 分红股票交易将于2024年7月9日开始;
- 分配支付日期为2024年7月17日;
- 除权日期为2024年7月18日(支付日期后的首个交易日,因此在该日期及之后进行的交易不会附带分红股票);并且
- 由CDS使用的赎回日期也将为2024年7月18日。
All of the foregoing dates are subject to the approval of the TSX.
所有上述日期都需要获得TSX的批准。
The Return of Capital will be funded from the Corporation's cash balances. In July 2022, the Corporation made a strategic decision to divest certain well servicing assets in Canada for cash proceeds of $38.2 million. As a result of receiving these cash proceeds plus, cash flow generated subsequently through operating, investing and financing activities, the Corporation had positive working capital of approximately $67.6 million, which included a cash balance of approximately $57.0 million as at March 31, 2024.
资本返还将从公司现金余额中资助。2022年7月,该公司决定在加拿大的某些井服务资产出售中获取了3820万美元的现金收益。由于收到这些现金收益以及随后通过运营、投资和融资活动产生的现金流,该公司的工作资本为约6760万美元,其中包括2024年3月31日时约5700万美元的现金余额。
The Corporation expects to close the proposed plan of arrangement (the "Arrangement") between the Corporation and High Arctic Overseas Holdings Corp., also announced on May 11, 2024, on or about July 31, 2024. For more information on the Arrangement and the Return of Capital, please see the management information circular of the Corporation dated May 9, 2024, available on the Corporation's SEDAR+ profile at .
该公司预计于2024年7月31日左右完成公司与高北海外控股有限公司之间所宣布的安排计划(“安排计划”)。有关安排计划和资本返还的更多信息,请参阅该公司于2024年5月9日发布的管理信息循环,该信息循环可在该公司的SEDAR+资料档案中获得。
About High Arctic
关于High Arctic
High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta.
High Arctic是一家能源服务供应商。高北能源服务在巴布亚新几内亚市场上提供钻探和专业的完井服务,并提供租赁设备,包括钻井垫、营地、物料处理和钻井支持设备。在加拿大西部,高北能源服务通过其在艾伯塔省怀特科特和雷德迪尔的基地,向勘探和生产公司提供压力控制和其他油田设备租赁服务。
For further information, please contact:
如需更多信息,请联系:丹·努恩(Dan Noone)
Lonn Bate
Interim Chief Financial Officer
1.587.318.2218
1.800.668.7143
Lonn Bate
临时首席财务官
1.587.318.2218
1.800.668.7143
High Arctic Energy Services Inc.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website:
Email: info@haes.ca
High Arctic Energy Services Inc.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
website:
电子邮件:info@haes.ca
Non-IFRS Measures - Working capital
非IFRS措施-工作资本
Working capital is a non-IFRS financial measure that does not have a standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other entities. Working capital is used by management as another measure to analyze the operating liquidity available to the Corporation. It is defined as current assets less current liabilities. This measure is not intended to represent or be construed as an alternative to current assets as calculated in accordance with IFRS.
工作资本是一项非IFRS财务措施,没有标准化的IFRS含义,因此可能与其他实体呈现的类似措施不可比。工作资本由管理层用作分析公司运营流动性的另一项措施。定义为:流动资产减去流动负债。本措施不旨在代表或被解释为按照IFRS计算的流动资产的替代。
Forward-Looking Statements
前瞻性声明
This press release contains forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation's actual results, performance or achievements to vary from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, but are not limited to, statements pertaining to the following: the Return of Capital, including the amount of and the date of distribution thereof; the Corporation's ability to obtain TSX and other regulatory approvals for the Return of Capital; and the closing of the Arrangement. The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
本新闻稿包含前瞻性声明。当在本文档中使用时,诸如“可能”、“将”、“可能”、“将”、“意图”、“计划”、“预计”、“相信”、“寻求”、“提议”、“估计”、“预期”等字样旨在识别前瞻性声明。这些声明反映了公司对未来事件的当前看法,并且受到某些风险、不确定性和假设的影响。许多因素可能导致公司的实际结果、表现或成果与本新闻稿中所述的不同。如果上述任何风险或不确定性发生,或者前瞻性声明的基础假设证明不正确,则实际结果可能会与本新闻稿中旨在、“计划”、“预计”、“相信”、“估计”或“预计”的结果有所不同。本新闻稿中的具体前瞻性声明包括但不限于以下内容:本新闻稿中的资本返还,分配金额和分配日期;公司获得TSX和其他监管机构批准资本返还的能力;以及安排的结束日期。由于上述及本新闻稿中其他位置的风险因素造成的实际结果可能与这些前瞻性声明中预期的结果有所不同。本新闻稿中的前瞻性陈述在其全部范围内都受到本警示声明的明确限制。这些声明仅在本新闻稿的日期作出。公司不承担任何更新这些前瞻性声明以反映新信息、随后的事件或其他情况的义务,除非根据适用法律的规定。