Akita Drilling Establishes Automatic Stock Repurchase Plan
AKITA Drilling Ltd. announced that it has established an automatic share repurchase plan with a designated broker to facilitate the repurchase of Class A Non-Voting Shares under AKITA's current normal course issuer bid. The plan has been reviewed by the Toronto Stock Exchange and will be implemented effective Dec. 23. The plan permits the AKITA's broker to repurchase Class A Non-Voting Shares under the normal course issuer bid at any time, including during internal blackout periods and/or when AKITA is in possession of undisclosed material information, without the control or influence of the company, subject to certain price limitations and other parameters prescribed by the plan.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Akita Drilling Establishes Automatic Stock Repurchase Plan (Dec 23)
- AKITA Maintains Significant Financial Strength from '09 (Mar 25)
- Akita Drilling CEO Hlavka Retires, Ruud Appointed to Take His Place (May 19)