trending Market Intelligence /marketintelligence/en/news-insights/trending/A3Gox0Kl6D_7HxOERyjMjw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Pason Systems plans to repurchase 10% of outstanding stock

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico


Pason Systems plans to repurchase 10% of outstanding stock

The Toronto Stock Exchange accepted Pason Systems Inc.'s notice to start a normal course issuer bid, according to a Dec. 11 news release.

The 2020 normal course issuer bid, or NCIB, will start Dec. 18 and will end Dec. 17, 2020, or earlier provided the NCIB is completed or terminated at Pason's option. It also renews an existing NCIB that began Dec. 18, 2018, and will end Dec. 17.

Under the 2020 NCIB, Pason may purchase up to a maximum of 6,777,269 of its common shares for cancellation, which represents 10% of its public float. Purchases will be made on the open markets through the TSX and through Canadian alternative trading systems. Pason will determine the timing and the actual number of shares to be purchased, subject to a maximum daily limit of 44,210 shares, which represents 25% of the company's average trading volume for the six months ended Nov. 30.

As of Dec. 11, the company had 84,442,772 shares issued and outstanding.

Calgary, Alberta-based Pason Systems provides data management systems for drilling rigs.