CE FRANKLIN LTD 
By
December 20, 2011 - CE Franklin Ltd. (NASDAQ: - CFK, TSX: -
CFT) announced today that its Board of Directors has
authorized the renewal of the Company's Normal Course Issuer
Bid (NCIB). Under the renewed NCIB, CE Franklin may purchase
for cancellation up to 850,000 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 NASDAQ and is
subject to prevailing market conditions and other
considerations.
CE Franklin has purchased 3,102 Common Shares for
cancellation under its existing NCIB which will expire on
December 31, 2011 and purchased 615,479 Common Shares under
its previous NCIB programs. Purchases under the renewed NCIB
may commence on January 3,
2012 and be made until December 31, 2012.
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 39 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.
For Further Information Contact:
Investor Relations
800-345-2858
403-531-5604 investor@cefranklin.com
*****1800, 635 - 8th Avenue S.W., Calgary, Alberta T2P 3M3 www.cefranklin.com
(403) 531-5600 Fax: (403) 234-7698
| distribué par | Ce noodl a été diffusé par CE Franklin Ltd. et initialement mise en ligne sur le site http://www.cefranklin.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-21 00:37:34 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| CE Franklin Ltd. Renews Normal Course Issuer Bid For Its Common Shares |
