CE Franklin Ltd. Announces Normal Course Issuer Bid For Its Common Shares
January 06 2009 - 2:05PM
PR Newswire (US)
CALGARY, Jan. 6 /PRNewswire-FirstCall/ -- CE Franklin Ltd.
(AMEX:-AMEX:CFK) announced today that its Board of Directors has
authorized the repurchase of up to 900,000 of its common shares
without par value ("Common Shares"), being approximately 5% of the
total number of Common Shares outstanding as of the date hereof,
from time to time in open market or privately negotiated
transactions. The share repurchase will be conducted solely through
the facilities of AMEX and is subject to prevailing market
conditions and other considerations. For more than half a century,
CE Franklin has been a leading supplier of products and services to
the energy industry. CE Franklin distributes pipe, valves, flanges,
fittings, production equipment, tubular products and other general
oilfield supplies to oil and gas producers in Canada as well as to
the oilsands, refining, heavy oil, petrochemical, forestry and
mining industries. These products are distributed through its 44
branches, which are situated in towns and cities serving particular
oil and gas fields of the western Canadian sedimentary basin.
Forward-looking Statements: The information in this news release
may contain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and other applicable securities
legislation. All statements, other than statements of historical
facts, that address activities, events, outcomes and other matters
that CE Franklin plans, expects, intends, assumes, believes,
budgets, predicts, forecasts, projects, estimates or anticipates
(and other similar expressions) will, should or may occur in the
future are forward-looking statements. These forward-looking
statements are based on management's current belief, based on
currently available information, as to the outcome and timing of
future events. When considering forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements and refer to the Form 20-F or our annual information
form for further detail. DATASOURCE: CE Franklin Ltd. CONTACT:
Investor Relations, (800) 345-2858, (403) 531-5604,
Copyright
CE Franklin (AMEX:CFK)
Historical Stock Chart
From Jul 2024 to Aug 2024
CE Franklin (AMEX:CFK)
Historical Stock Chart
From Aug 2023 to Aug 2024