Strad Inc. announces an Equity Buyback for 3,013,722 shares, representing 5.49% of its issued share capital.
November 28, 2019 at 05:17 pm EST
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Strad Energy Services Ltd. (TSX:SDY) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,013,722 class A shares, representing 5.49% of its issued and outstanding share capital. The repurchased shares will be cancelled. The bid will terminate on December 2, 2020, or such earlier time as the bid is completed or terminated at the option of the company. As of November 19, 2019, the company had 54,862,049 shares issued and outstanding.
Strad Inc is a Canada-based company that provides industrial products and services for oil & gas, power transmission, pipeline and agriculture sectors. The Company rents a range of products, which include rig mats, wood/access mats, tank farms - upright and horizontal, light towers, well-site trailers, crane mats, fluid storage/tanks, frost fighters, mobile mat wash unit, among others. It provides mat management, project planning, mat mobilization & demobilization, mobile mat washing, among other services.