- McCoy Global (MCB) announced a normal course issuer bid
- Between August 22, 2022, and August 21, 2023, McCoy may purchase up to 1,420,874 of its common shares for cancellation
- The corporation may purchase up to 5,418 common shares on any single trading day
- McCoy Global specializes in well construction using automation and machine learning with a presence in over 50 countries
- McCoy Global (MCB) opened trading at C$1.18
McCoy Global (MCB) has announced a normal course issuer bid to purchase up to 1,420,874 of its common shares.
The bid will run from August 22, 2022 to August 21, 2023.
All common shares purchased under the bid will be cancelled.
As of August 15, 2022, 28,417,489 common shares of McCoy were issued and outstanding.
Under the rules of the TSX, the maximum number of common shares that the corporation may purchase on any trading day is 5,418.
McCoy’s management and Board of Directors has determined that the repurchase of its common shares is in the best interests of the corporation and its shareholders.
McCoy Global specializes in well construction using automation and machine learning with a presence in over 50 countries. Its technology seeks to maximize wellbore integrity and collect precise connection data critical to the global energy industry.
McCoy Global (MCB) opened trading at C$1.18.