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.
For further insights into TSE:SES stock, check out TipRanks’ Stock Analysis page.
