CA - Trican Well Service announces buyback of common shares

• Trican Well Service ( OTCPK:TOLWF ) renews its NCIB program to repurchase up to 23,083,554 common shares (10% of public float) from October 5, 2022 to October 4, 2023.
• The company purchased and canceled 18,868,144 common Shares, which is 76% of the maximum allowable under the 2021-2022 for $64.7M at a weighted average price per share of $3.42.
• Since initiating its NCIB program in October 2017, Trican ( OTCPK:TOLWF ) has repurchased almost 120 million Common Shares or approximately 35% of the Company's issued and outstanding shares at that time.
• As at September 29, 2022, there were 232,609,772 common Shares issued and outstanding. The public float for the Company's Common Shares as at September 29, 2022 was 230,835,542.
• Source: Press Release

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