CALGARY,
AB, June 6, 2023 /CNW/ - Enerplus Corporation
("Enerplus") (TSX: ERF) (NYSE: ERF) today announced it obtained an
exemption order from the Canadian securities regulators which
permits Enerplus to purchase up to 10 percent of its "public float"
(within the meaning of the rules of the Toronto Stock Exchange) of
common shares through the New York Stock Exchange and other
US-based trading systems as part of Enerplus' share repurchase
program, including the current normal course issuer bid announced
on August 11, 2022. Absent this
exemptive relief, Enerplus' purchases under a normal course issuer
bid on markets other than the TSX would be limited to not more than
5 percent of its outstanding common shares over any twelve-month
period.
The exemptive relief is applicable to Enerplus' current normal
course issuer bid and any other normal course issuer bid commenced
before June 5, 2024 and is
conditional upon, among other things, purchases being made in
compliance with applicable US rules and National Instrument
23-101-Trading Rules in Canada, and at a price not higher than the
market price at the time of purchase. The aggregate number of
common shares purchased by Enerplus over any exchange or market
over the relevant 12-month period of a particular normal course
issuer bid may not exceed 10 percent of the public float as
specified in Enerplus' notice accepted by the TSX in respect of the
relevant normal course issuer bid, including the current
bid announced on August 11, 2022.
For further information, including financial and operating
results and our most recent corporate presentation, please visit
our website at www.enerplus.com or phone 1-800-319-6462.
Shareholders may, upon request, obtain a hard copy of Enerplus'
complete audited financial statements free of charge.
About Enerplus
Enerplus is an independent North American oil and gas
exploration and production company focused on creating long-term
value for its shareholders through a disciplined, returns-based
capital allocation strategy and a commitment to safe, responsible
operations.
Follow @EnerplusCorp on Twitter at
https://twitter.com/EnerplusCorp.
SOURCE Enerplus Corporation