Precision Drilling Corporation Announces Normal Course Issuer Bid (NCIB)

Precision Drilling Corporation, a leading provider of safe and environmentally responsible high-performance drilling services to the energy industry, has announced the Toronto Stock Exchange (TSX) has approved its intention to implement a normal course issuer bid (NCIB) for up to 1,251,850 common shares, representing approximately 10% of the public float as of September 5, 2025. The Company has purchased 1,046,370 common shares under its previous NCIB, with a weighted average purchase price of CAD$74.73 per common share.

Key Takeaways:

• Precision Drilling Corporation has been authorized by the TSX to acquire up to 1,251,850 common shares under the normal course issuer bid (NCIB), representing approximately 10% of the public float as of September 5, 2025.
• The Company has previously purchased 1,046,370 common shares under its previous NCIB, with a weighted average purchase price of CAD$74.73 per common share.
• Purchases under the NCIB will commence on September 19, 2025, and will terminate no later than September 18, 2026, or such earlier time as the Company completes its purchases pursuant to the NCIB or provides notice of termination.
• Precision has entered into an automatic securities purchase plan, effective September 19, 2025, under which its broker may purchase common shares in connection with the NCIB, subject to strict parameters.
• The Company will fund the purchases out of its available resources.

Statistics:

• 1,251,850 common shares up to 10% of the public float
• 1,046,370 common shares purchased under previous NCIB
• CAD$74.73 weighted average purchase price
• 13,181,561 issued and outstanding common shares
• 12,518,509 public float shares
• Purchases to commence on September 19, 2025, and terminate no later than September 18, 2026

Sources:

• Globe Newswire, "Precision Drilling Corporation Announces Normal Course Issuer Bid (NCIB)" Sept. 11, 2025.
• Precision Drilling Corporation, Annual Information Form, 2024.