Precision Drilling Announces Filing of Management Information Circular and Virtual-Only Annual and Special Meeting of Shareholders
30 Março 2022 - 05:51PM
Precision Drilling Corporation (“Precision” or the “Company”)
(TSX:PD; NYSE:PDS) announces today the filing and publication of
its Management Information Circular (the “Circular”) issued in
connection with the 2022 Annual and Special Meeting of Shareholders
(the “Annual Meeting”).
Management Information Circular &
Virtual-Only Annual Meeting Details
Precision announces the filing of its Management
Information Circular. A copy of the Circular can be downloaded from
the Company’s SEDAR profile at www.sedar.com and the Company’s
EDGAR profile at www.sec.gov. The Circular is also available at
Precision’s website.
Precision also announces the date of its Annual
Meeting for Holders (the “Shareholders”) of Common Shares (“Common
Shares”) of Precision Drilling Corporation to be held on Thursday,
May 12, 2022 at 10:00 a.m. (Mountain Time). Precision considers the
health, welfare and safety of our employees and the communities
where we operate as a foundation of our business. Due to the Novel
Coronavirus (“COVID-19”) and to mitigate against any health
emergency risks, the Annual Meeting will be held in a virtual-only
meeting format. The virtual-only meeting format will provide all
Shareholders an equal opportunity to participate in the Annual
Meeting regardless of their geographic location or health
emergencies they may be facing as a result of COVID-19. Please see
below and the Circular for details and instructions on
participating and voting at the Annual Meeting.
The Annual Meeting can be accessed by logging in
online at https://web.lumiagm.com/275227875. As detailed in the
Circular, registered Shareholders are entitled to participate in
the Annual Meeting if they held their Common Shares as of the close
of business on March 23, 2022, the record date. Non-registered
(beneficial) Shareholders who wish to vote at the Annual Meeting
will be required to appoint themselves as proxyholder in advance of
the Annual Meeting by writing their own name in the space provided
on the voting instruction form provided by their intermediary,
generally being a bank, trust company, securities broker, trustee
or other institution. Registered Shareholders and duly appointed
proxyholders who participate in the Annual Meeting online will be
able to listen to the Annual Meeting, ask questions and vote, all
in real time, provided that they are connected to the internet.
Guests can listen to the Annual Meeting but will not be able to
communicate or vote. In all cases, Shareholders must follow the
instructions set out in their applicable proxy or voting
instruction forms. If you have questions regarding your ability to
participate or vote at the Annual Meeting, please contact
Computershare at 1-800-564-6253.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION AND STATEMENTS
Certain statements contained in this report,
including statements that contain words such as "could", "should",
"can", "anticipate", "estimate", "intend", "plan", "expect",
"believe", "will", "may", "continue", "project", "potential" and
similar expressions and statements relating to matters that are not
historical facts constitute "forward-looking information" within
the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
information and statements").
Undue reliance should not be placed on
forward-looking information and statements. Whether actual results,
performance or achievements will conform to our expectations and
predictions is subject to a number of known and unknown risks and
uncertainties which could cause actual results to differ materially
from our expectations. Such risks and uncertainties include, but
are not limited to:
- volatility in the price and demand for oil and natural
gas;
- fluctuations in the demand for contract drilling, well
servicing and ancillary oilfield services;
- our customers’ inability to obtain adequate credit or financing
to support their drilling and production activity;
- changes in drilling and well servicing technology which could
reduce demand for certain rigs or put us at a competitive
disadvantage;
- shortages, delays and interruptions in the delivery of
equipment supplies and other key inputs;
- the effects of seasonal and weather conditions on operations
and facilities;
- the availability of qualified personnel and management;
- a decline in our safety performance which could result in lower
demand for our services;
- changes in environmental laws and regulations such as increased
regulation of hydraulic fracturing or restrictions on the burning
of fossil fuels and greenhouse gas emissions, which could have an
adverse impact on the demand for oil and gas;
- terrorism, social, civil and political unrest in the foreign
jurisdictions where we operate;
- fluctuations in foreign exchange, interest rates and tax rates;
and
- other unforeseen conditions which could impact the use of
services supplied by Precision and Precision’s ability to respond
to such conditions.
Readers are cautioned that the forgoing list of
risk factors is not exhaustive. Additional information on these and
other factors that could affect our business, operations or
financial results are included in reports on file with applicable
securities regulatory authorities, including but not limited to
Precision’s Annual Information Form for the year ended December 31,
2021, which may be accessed on Precision’s SEDAR profile at
www.sedar.com or under Precision’s EDGAR profile at www.sec.gov.
The forward-looking information and statements contained in this
news release are made as of the date hereof and Precision
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, except as required by
law.
About PrecisionPrecision is a leading provider
of safe and environmentally responsible High Performance, High
Value services to the energy industry, offering customers access to
an extensive fleet of Super Series drilling rigs. Precision has
commercialized an industry-leading digital technology portfolio
known as “Alpha™” that utilizes advanced automation software and
analytics to generate efficient, predictable, and repeatable
results for energy customers. Additionally, Precision offers well
service rigs, camps and rental equipment all backed by a
comprehensive mix of technical support services and skilled,
experienced personnel.
Precision is headquartered in Calgary, Alberta, Canada and is
listed on the Toronto Stock Exchange under the trading symbol “PD”
and on the New York Stock Exchange under the trading symbol
“PDS.”
For further information, please contact:
Carey Ford, CFASenior Vice President and Chief
Financial Officer713.435.6100Precision Drilling Corporation800, 525
- 8th Avenue S.W.Calgary, Alberta, Canada T2P 1G1Website:
www.precisiondrilling.com
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