CES Energy Solutions Corp. Announces Renewal of Normal Course Issuer Bid and Provides Q2 Conference Call Details

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Postmedia has not reviewed the content. by Business Wire CES Energy Solutions Corp. Announces Renewal of Normal Course Issuer Bid and Provides Q2 Conference Call DetailsAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.CALGARY, Alberta — CES Energy Solutions Corp. (“CES” or the “Corporation”) (TSX: CEU and OTC: CESDF) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted CES’ notice of its intention to implement a normal course issuer bid (“NCIB”). The NCIB effectively renews the previous NCIB which will terminate on July 21, 2026.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountUnder the previous NCIB, the Corporation sought and obtained approval to purchase 18,911,524 common shares of CES (the “Common Shares”) and to date 10,510,000 Common Shares will have been acquired through market purchases on the TSX and other alternative Canadian securities trading platforms, at a volume-weighted average purchase price of approximately $10.65 per Common Share.CES’ Board of Directors and management continue to believe that from time to time the market price of CES’ Common Shares do not reflect their underlying value. Accordingly, the renewal of CES’ NCIB provides the Corporation with an additional capital allocation alternative that allows CES to reduce the Corporation’s Common Shares, providing an attractive opportunity to enhance shareholder value.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAs of July 9, 2026, there were 210,465,637 issued and outstanding Common Shares and a public float of 181,390,795 Common Shares. Pursuant to the renewed NCIB, CES may purchase through the facilities of the TSX and other alternative Canadian securities trading platforms, from time to time over the next 12 months, up to 18,139,079 Common Shares, being 10.0% of the public float of Common Shares. Common Shares purchased under the NCIB will be subsequently cancelled by the Corporation. The NCIB will commence on July 22, 2026, and will terminate on the earlier of July 21, 2027, or the date on which the maximum number of Common Shares which can be acquired pursuant to the NCIB have been purchased.Under TSX rules, CES may repurchase up to 206,017 Common Shares on any single trading day on the TSX, representing 25% of the average daily trading volume of 824,071 Common Shares on the TSX for the six months ended June 30, 2026. The Corporation is also permitted to make one block purchase in excess of the daily maximum per calendar week.CES will enter into an automatic securities purchase plan in connection with the NCIB which would permit the Corporation to repurchase its Common Shares during periods of blackout or other periods in which the Corporation would not ordinarily be permitted to repurchase its Common Shares. Such automatic securities purchase plan will be subject to certain parameters set by the Corporation from time to time which would govern the automatic purchase of Common Shares.Q2 2026 Conference Call DetailsCES also announced today that it will host a conference call on August 7, 2026, following the upcoming release of its financial results for the second quarter ended June 30, 2026. The results are expected to be released after the close of market the day before the conference call. Ken Zinger, President and Chief Executive Officer of CES, will host the call.If you do not have an internet connection, you may also access the call by dialing in to an operator toll free at (800) 715-9871 or internationally at (646) 307-1963. A recording of the live audio webcast of the conference call will be accessible on the Corporation’s website at www.cesenergysolutions.com. The webcast will be available for approximately 90 days.About CES Energy Solutions Corp.CES Energy Solutions is a leading provider of technically advanced consumable chemical solutions to the energy industry. These products and services are deployed at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack to support ongoing production needs, and finally through to the pipeline and midstream market. These chemical solutions are instrumental in allowing the oil and gas industry to maximize returns in an environment of steadily increasing service intensity and advanced technical requirements. CES’ business model is asset light and requires limited re-investment capital to operate and grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating strong free cash flow.Additional information about CES is available at SEDAR+ at www.sedarplus.ca or on the Corporation’s website at www.cesenergysolutions.com.Forward Looking InformationThis press release contains certain forward-looking statements and forward-looking information (“forward-looking information”) within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “expect”, “may”, “will”, “project”, “should” or similar words suggesting future outcomes. In particular, this press release includes, without limitation, forward-looking information relating to the Corporation’s: expectations regarding the implementation of the NCIB to repurchase and cancel Common Shares, the potential means of funding the NCIB, the timing of purchases under the NCIB, and the parameters for purchases under the automatic share purchase plan. CES believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Forward-looking information is based on various assumptions. Those assumptions are based on information currently available to CES, and in particular certain forward-looking information in this press release is based on the assumption that the conditions of the TSX can be satisfied and the TSX will grant final approval in respect of the NCIB.Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Any forward-looking information is made as of the date hereof and, except as required by law, CES assumes no obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.View source version on businesswire.com: For further information, please contact:Ken Zinger President and Chief Executive Officer CES Energy Solutions Corp. 403-269-2800Anthony Aulicino Executive Vice President and Chief Financial Officer CES Energy Solutions Corp. 403-269-2800Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.