PrairieSky Royalty to renew share buyback program

Created at 1 Jun · 22:17 UTC1 source

IN SHORT

PrairieSky Royalty Ltd. announced its intention to renew its normal course issuer bid, allowing it to repurchase up to 10% of its outstanding common shares over a 12-month period.

Key Numbers

10%maximum share repurchase

12 monthsduration of buyback program

Who's Involved

PrairieSky Royalty Ltd.

company renewing its share buyback program

Key facts

PrairieSky Royalty Ltd. intends to renew its normal course issuer bid.
The company can repurchase up to 10% of its outstanding common shares.
The buyback program will be active for a 12-month period.

PrairieSky Royalty Ltd. is a Canadian energy royalty company. Share buybacks are a way for companies to return capital to shareholders and can signal management's confidence in the company's valuation.

↳ Why This Matters

FREQUENTLY ASKED

A normal course issuer bid is a program allowing a public company to repurchase its own shares from the open market.

PrairieSky Royalty can repurchase up to 10% of its outstanding common shares under the renewed program.

The renewed buyback program is set to last for a 12-month period.

What Happens Next

01The company will implement the renewed share buyback program.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

CME Headlines

Key facts

PrairieSky Royalty Ltd. intends to renew its normal course issuer bid.

The company can repurchase up to 10% of its outstanding common shares.

The buyback program will be active for a 12-month period.

PrairieSky Royalty to renew share buyback program

PiQ Daily

Key facts

Get the newsletter.

PrairieSky Royalty to renew share buyback program

PiQ Daily

Key facts

Get the newsletter.