Precision Drilling Corporation Announces Filing of Management Information Circular and Virtual-Only Annual Meeting of Shareholders

Precision Drilling (TSX:PD; NYSE:PDS) filed its Management Information Circular for the 2026 Annual Meeting of Shareholders and announced a virtual-only Annual Meeting on Thursday, May 14, 2026 at 10:00 a.m. Mountain Time.

Rhea-AI Summary

Precision Drilling (TSX:PD; NYSE:PDS) filed its Management Information Circular for the 2026 Annual Meeting of Shareholders and announced a virtual-only Annual Meeting on Thursday, May 14, 2026 at 10:00 a.m. Mountain Time.

Registered shareholders of record as of March 25, 2026 may participate and vote; non-registered shareholders must appoint themselves as proxy holders per the Circular.

Argus Apr 2 session

+1.33% close to close Open Argus

Details

News Market Reaction – PDS

On Apr 2, the first trading day after this news, PDS closed 1.33% above the previous close.

Data tracked by StockTitan Argus for the Apr 2 session.

Key Figures

Annual Meeting date: May 14, 2026 Meeting time: 10:00 a.m. Mountain Time Record date: March 25, 2026 +5 more

Annual Meeting date

May 14, 2026

2026 Annual Meeting of Shareholders

Meeting time

10:00 a.m. Mountain Time

Start time for 2026 Annual Meeting

Record date

March 25, 2026

Shareholders entitled to vote and participate

Computershare phone

1-800-564-6253

Contact for voting and participation questions

Share price

$93.25

Price prior to this announcement

52-week high

$103.80

Upper end of 52-week trading range

52-week low

$36.20

Lower end of 52-week trading range

Market cap

$1,273,829,230

Equity value prior to meeting announcement

Historical Context

5 past events · Latest: Mar 09

5 events

1. Mar 09

   Annual filings

   24h Move

   +0.2%

   Filed 2025 annual disclosure documents and confirmed virtual annual meeting timing.

2. Feb 27

   Dual listing news

   24h Move

   +1.0%

   Announced approval for dual listing on NYSE Texas while maintaining existing listings.

3. Feb 11

   Earnings results

   24h Move

   -7.8%

   Reported Q4 revenue growth but a net loss driven by non-cash charges and rig decommissioning.

4. Jan 06

   Capital allocation

   24h Move

   -0.1%

   Provided annual capital allocation targets and financial and operational updates.

5. Jan 05

   Earnings call setup

   24h Move

   -0.1%

   Scheduled conference call and webcast for forthcoming 2025 Q4 and year-end results.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

management information circular, virtual-only meeting, record date, non-registered (beneficial) shareholders, +2 more

6 terms

management information circular regulatory

"announces today the filing of its Management Information Circular (the Circular)"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

virtual-only meeting regulatory

"The Annual Meeting will be held in a virtual-only meeting format."

A virtual-only meeting is a company gathering—such as an annual shareholder meeting—held entirely online by video or phone instead of at a physical location, so participants join from their devices much like attending a webinar rather than a town hall. It matters to investors because it changes how easily they can attend, ask questions and cast votes, can affect participation and engagement, and introduces technical or procedural risks that may influence shareholder influence and corporate oversight.

record date regulatory

"they held their common shares as of the close of business on March 25, 2026, the record date."

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

non-registered (beneficial) shareholders regulatory

"Non-registered (beneficial) Shareholders who wish to vote and participate"

Non-registered (beneficial) shareholders are people or entities that own the economic benefits of a company's shares but whose names do not appear on the company’s official shareholder register because the shares are held through a broker, bank, or other intermediary. This matters to investors because it affects how they receive dividends, vote at shareholder meetings and receive company communications — the intermediary acts as the on-paper owner, like holding a book in a library under the library’s card while you retain the right to read it.

proxy holder regulatory

"will be required to appoint themselves as a proxy holder in advance of the Annual Meeting"

A proxy holder is a person or organization given the legal right to vote or act for a shareholder at a company meeting. Handing someone proxy authority is like giving a trusted friend your ballot when you can’t attend: the proxy votes on board members, mergers, pay and other decisions that shape company strategy and value. Investors care because proxy actions can directly influence corporate outcomes and their returns.

voting instruction form regulatory

"space provided on the voting instruction form provided by their intermediary"

A voting instruction form is a document that allows shareholders to tell their representatives how to vote on company decisions or proposals. It acts like a set of instructions or choices, ensuring shareholders' preferences are communicated clearly. This helps investors participate in important company decisions even if they cannot attend meetings in person.

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CALGARY, Alberta, April 01, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD; NYSE:PDS) announces today the filing of its Management Information Circular (the Circular) issued in connection with the 2026 Annual Meeting of Shareholders (the Annual Meeting). A copy of the Circular can be downloaded from the Company’s SEDAR+ profile at www.sedarplus.ca and the Company’s EDGAR Next profile at www.sec.gov. The Circular is also available on Precision’s website at www.precisiondrilling.com.

Precision’s Annual Meeting will be held on Thursday, May 14, 2026, at 10:00 a.m. (Mountain Time) for holders of its common shares (Shareholders). The Annual Meeting will be held in a virtual-only meeting format. The meeting will provide all Shareholders an equal opportunity to participate in the Annual Meeting regardless of their geographic location.

The Annual Meeting can be accessed by logging in online at https://meetnow.global/M9JFRVX. As detailed in the Circular, registered Shareholders are entitled to participate in the Annual Meeting if they held their common shares as of the close of business on March 25, 2026, the record date. Non-registered (beneficial) Shareholders who wish to vote and participate at the Annual Meeting will be required to appoint themselves as a proxy holder in advance of the Annual Meeting by writing their own name in the space provided on the voting instruction form provided by their intermediary, generally a bank, trust company, securities broker, trustee or other institution. Guests can listen to the Annual Meeting but will not be able to communicate or vote. In all cases, Shareholders must follow the instructions set out in their applicable proxy or voting instruction forms. If you have questions regarding your ability to participate or vote at the Annual Meeting, please review the Circular for detailed instructions or contact Computershare at 1-800-564-6253.

About Precision

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, rental equipment and camps all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

Additional Information

For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500

800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Precision Drilling (PDS) hold its 2026 Annual Meeting and how can I attend?

The Annual Meeting is on May 14, 2026 at 10:00 a.m. MT. According to the company, the meeting is virtual-only and can be accessed online at https://meetnow.global/M9JFRVX, providing equal participation for shareholders regardless of location.

What is the record date for shareholders eligible to vote at Precision Drilling (PDS) 2026 Annual Meeting?

The record date is March 25, 2026. According to the company, registered shareholders who held common shares at the close of business on that date are entitled to participate and vote at the Annual Meeting.

How can non-registered (beneficial) shareholders vote at the Precision Drilling (PDS) virtual meeting?

Non-registered shareholders must appoint themselves as proxy holders in advance. According to the company, they must write their own name on the voting instruction form provided by their intermediary to participate and vote at the meeting.

Can guests join the Precision Drilling (PDS) 2026 Annual Meeting and will they be able to vote?

Guests can listen but cannot vote or communicate. According to the company, only registered or properly appointed proxy shareholders can vote or participate; guests have listen-only access via the virtual meeting link.

Who should I contact if I have questions about participating or voting in the Precision Drilling (PDS) Annual Meeting?

Shareholders with questions should contact Computershare at 1-800-564-6253. According to the company, the Circular also provides detailed instructions on eligibility, proxy appointment, and how to participate in the virtual meeting.