Journey Energy Inc. Announces Renewal of Its Normal Course Issuer Bid
Journey Energy (OTCQX:JRNGF) has received TSX approval to renew its normal course issuer bid program. The company can purchase up to 3.4 million common shares, representing approximately 7.5% of the public float. The buyback program will run from August 26, 2025 to August 25, 2026.
The daily purchase limit is set at 20,971 shares, representing 25% of the average daily trading volume. Journey currently has 67.1 million shares outstanding, with a public float of 45.4 million shares. Notably, the company made no purchases under its previous buyback program, which expires on August 25, 2025.
Journey Energy (OTCQX:JRNGF) ha ottenuto l'approvazione della TSX per rinnovare il suo programma di riacquisto azionario nel corso normale degli affari. La società può acquistare fino a 3,4 milioni di azioni ordinarie, pari a circa il 7,5% del flottante. Il programma di buyback sarà attivo dal 26 agosto 2025 al 25 agosto 2026.
Il limite giornaliero di acquisto è fissato a 20.971 azioni, corrispondenti al 25% del volume medio giornaliero di scambi. Journey conta attualmente 67,1 milioni di azioni in circolazione, con un flottante di 45,4 milioni. È da notare che la società non ha effettuato acquisti nel precedente programma di riacquisto, che scade il 25 agosto 2025.
Journey Energy (OTCQX:JRNGF) recibió la aprobación de la TSX para renovar su programa de recompra de acciones en curso normal. La compañía puede adquirir hasta 3,4 millones de acciones ordinarias, lo que representa aproximadamente el 7,5% del flotante. El programa de recompra estará vigente del 26 de agosto de 2025 al 25 de agosto de 2026.
El límite diario de compra se establece en 20.971 acciones, equivalente al 25% del volumen diario medio de negociación. Journey tiene actualmente 67,1 millones de acciones en circulación y un flotante de 45,4 millones. Cabe destacar que la compañía no realizó compras durante su anterior programa de recompra, que vence el 25 de agosto de 2025.
Journey Energy (OTCQX:JRNGF)는 정상영업범위 내 자사주매입(NCIB) 프로그램 갱신을 위해 TSX의 승인을 받았습니다. 회사는 최대 340만 보통주를 매입할 수 있으며, 이는 공개 유통 주식의 약 7.5%에 해당합니다. 자사주 매입 프로그램 기간은 2025년 8월 26일 - 2026년 8월 25일입니다.
일일 매입 한도는 20,971주로 설정되어 있으며, 이는 평균 일일 거래량의 25%에 해당합니다. Journey의 현재 발행주식 수는 6,710만 주, 공개 유통 주식은 4,540만 주입니다. 이전 자사주매입 프로그램(2025년 8월 25일 만료)에서는 매입이 이루어지지 않았다는 점도 주목할 만합니다.
Journey Energy (OTCQX:JRNGF) a reçu l'approbation de la TSX pour renouveler son programme de rachat d'actions dans le cours normal des affaires. La société peut racheter jusqu'à 3,4 millions d'actions ordinaires, soit environ 7,5 % du flottant. Le programme de rachat s'étendra du 26 août 2025 au 25 août 2026.
La limite d'achats quotidienne est fixée à 20 971 actions, représentant 25 % du volume moyen quotidien de négociation. Journey compte actuellement 67,1 millions d'actions en circulation, avec un flottant de 45,4 millions. Il est à noter que la société n'a effectué aucun achat dans le cadre de son précédent programme, qui expire le 25 août 2025.
Journey Energy (OTCQX:JRNGF) hat von der TSX die Genehmigung erhalten, sein NCIB-Programm (Normal Course Issuer Bid) zu erneuern. Das Unternehmen kann bis zu 3,4 Millionen Stammaktien zurückkaufen, was etwa 7,5% des Streubesitzes entspricht. Das Rückkaufprogramm läuft vom 26. August 2025 bis zum 25. August 2026.
Das tägliche Kauflimit ist auf 20.971 Aktien festgelegt, was 25% des durchschnittlichen täglichen Handelsvolumens entspricht. Journey hat derzeit 67,1 Millionen ausstehende Aktien und einen Streubesitz von 45,4 Millionen. Bemerkenswert ist, dass das Unternehmen im vorherigen Rückkaufprogramm, das am 25. August 2025 ausläuft, keine Käufe getätigt hat.
- None.
- No shares were repurchased under the previous buyback program, indicating potential execution uncertainty
- Share repurchases will reduce cash available for operations or growth initiatives
Calgary, Alberta--(Newsfile Corp. - August 22, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces today that it has received approval from the Toronto Stock Exchange (the "TSX") to undertake a renewal of its normal course issuer bid (the "Bid") to purchase up to 3,400,000 common shares, representing approximately
As of August 15, 2024 Journey has 67,106,601 common shares issued and outstanding, of which 45,438,988 represents the public float. Under the rules of the TSX and subject to certain exemptions for block purchases, the maximum number of common shares that Journey may purchase on any one trading day is 20,971 common shares, representing
The current Bid will expire on August 25, 2025. Under the current Bid Journey was approved by the TSX for a purchase of 4,666,445 common shares. No purchases were made under the existing Bid.
The Board of Directors of Journey believes that, from time to time, Journey's share price does not adequately reflect the value of such shares in relation to the business, assets and future prospects of the Company. Repurchasing common shares can protect and enhance shareholder value and as such, represents a desirable use of available funds.
About the Company
Journey is a Canadian exploration and production company focused on conventional, oil-weighted operations in western Canada. Journey seeks to optimize its legacy oil pools on existing lands through the application of best practices in horizontal drilling and, where feasible, with water floods.
For further information:
Investors:
Alex G. Verge
President and Chief Executive Officer
403-294-1635
alex.verge@journeyenergy.ca
Gerry Gilewicz
Chief Financial Officer
403-303-3238
gerry.gilewicz@journeyenergy.ca
Advisories
Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, which involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Journey, including, without limitation, those listed under "Risk Factors" and "Forward Looking Statements" in the Annual Information Form of Journey dated March 31, 2025. Forward-looking information may relate to our future outlook and anticipated events or results and may include statements regarding the business strategy and plans and objectives. Particularly, forward-looking information in this press release includes, but is not limited to, statements and information concerning potential future purchases by Journey of its common shares pursuant to the Bid. Journey cautions investors in Journey's securities about important factors that could cause Journey's actual results to differ materially from those projected in any forward-looking statements included in this press release. Forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. No assurance can be given that the expectations set out herein will prove to be correct and accordingly, you should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as required by applicable securities law.
No securities regulatory authority has either approved or disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263487
FAQ
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