2024-08-16 New NCIBNew 1 year NCIB is max 10% of Public Float 3,363,845 (Public Float is significantly less than shares outstanding).
Previous 1 year NCIB was also max 10% of Public Float at 3,552,810, under which 3,400,021 were bought and cancelled.
New in this Press Release is: "PHX Energy will enter into an automatic share purchase plan ("ASPP") with a broker prior to commencement of the NCIB in order to facilitate repurchases of its Common Shares. Under the Corporation's ASPP, the broker may repurchase shares under the NCIB during the Corporation's self-imposed blackout periods."
Which is good, they must feel more confident on excess casflow to do this vs previous years manual buybacks.