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On June 6, 2024, SECURE Energy Inc. successfully completed its substantial issuer bid pursuant to which it purchased $250 million of its outstanding common shares from shareholders. In accordance with the terms and conditions of the offer, SECURE Energy Inc. took up and paid for 21,929,818 common shares at a price of $11.40 per share under the offer, representing an aggregate purchase amount of approximately $250 million and 8.33 percent of SECURE Energy Inc.'s issued and outstanding common shares before giving effect to the offer. Immediately following completion of the offer, SECURE Energy Inc. had 241,178,567 common shares issued and outstanding.
SECURE Energy Inc. is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta.
McCarthy Tétrault assisted SECURE Energy Inc. with a team led by John Piasta that included Rebecca Wieschkowski, Ashley Wilson and Jonathan Brisebois (Business).
Parties
Company
SECURE Energy Inc.
Company
SECURE Energy shareholders
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 250,000,000Deal Status
ClosedClosing Date
06 June 2024