Precision announces renewal of normal course issuer bid

Calgary, alberta, aug. 24, 2022 (globe newswire) -- precision drilling corporation (“precision” or the “company”) (tsx:pd; nyse:pds) announced today that the toronto stock exchange (the “tsx”) has approved its intention to implement a normal course issuer bid (“ncib”) for a portion of its common shares (“common shares”). the ncib effectively renews the existing ncib, which is scheduled to terminate on august 26, 2022. precision believes the ncib continues to represent another tool for the company to enhance the value of its underlying shares.
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