Secure Energy Services (TSE:SES) has released an update.
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SECURE Energy Services Inc. has announced preliminary results of its substantial issuer bid, aiming to buy back and cancel $250 million worth of its common shares. The offer, which saw an oversubscription, will result in about 21.9 million shares purchased at $11.40 each, equating to 8.33% of the pre-offer shares outstanding. Final results and payment for the shares are pending verification and will be followed by an official press release.
For further insights into TSE:SES stock, check out TipRanks’ Stock Analysis page.