SECURE Energy Services Completes $250M Share Buyback

Secure Energy Services (TSE:SES) has released an update.

SECURE Energy Services Inc. has successfully concluded its substantial issuer bid, purchasing 21.9 million shares at $11.40 each, totaling around $250 million. This buyback represents 8.33% of the company’s pre-offer outstanding shares, leaving 241.2 million shares remaining. Shareholders who participated will have the majority of their tendered shares bought, and a deemed dividend will be issued for Canadian tax purposes.

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