CPG - Crescent Point receives approval for normal course issuer bid

Crescent Point Energy (NYSE:CPG) has announced that the TSX has accepted its notice to implement a normal course issuer bid to purchase, for cancellation, up to 57.31M common shares, or 10% of the Co.'s public float, as of Feb. 28, 2022. The NCIB is scheduled to commence on March 9, 2022,and is due to expire on March 8, 2023. In connection with the NCIB, Crescent Point will enter into an automatic purchase plan with its designated broker to allow for purchases of its common shares during internal blackout periods. As of Feb. 28, 2022, the Co. had a public float of 573.1M common shares and 574.6M common shares issued and outstanding.

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Crescent Point receives approval for normal course issuer bid