Pembina Pipeline Corporation Buyback
OLI recorded this information on 3/8/2022
Pembina Pipeline Corporation
Share Amount Authorized:
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL) (NYSE:PBA) announced today that the Toronto Stock Exchange (the "TSX") has approved the renewal of Pembina's normal course issuer bid (the "NCIB") to purchase up to five percent of its outstanding common shares. Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, commencing on March 10, 2022, and expiring on the earlier of March 9, 2023, and the date on which Pembina has acquired the maximum number of common shares allowable under the NCIB or the date on which Pembina otherwise decides not to make any further repurchases under the NCIB. As of February 28, 2022, Pembina had 550,362,005 common shares outstanding and is, therefore, permitted to repurchase up to 27,518,100 common shares, being five percent of its outstanding common shares, pursuant to the NCIB. Common shares purchased under the NCIB will be cancelled.
Pembina Pipeline is a Calgary-based transportation and midstream service provider serving North America's energy industry. Co. owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. Co. also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure, storage and logistics business; and is growing an export terminals business. Co.'s integrated assets and commercial operations along the majorityof the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector.
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Buy (2.90 out of 4)