Crescent Point Energy’s normal course issuer bid approved by TSX

Crescent Point Energy announced that the Toronto Stock Exchange has accepted its notice to implement a normal course issuer bid to purchase, for cancellation, up to 54,605,659 common shares, or 10% of the company’s public float, as at February 23. The NCIB is scheduled to commence on March 9, 2023 and is due to expire on March 8, 2024. Purchases of Crescent Point’s common shares under the NCIB may be made through the facilities of the TSX, the NYSE and alternative trading systems by means of open market transactions or by such other means as may be permitted by the Canadian Securities Administrators and under applicable securities laws, including by private agreement pursuant to issuer bid exemption orders issued by applicable securities regulatory authorities. As of February 23, 2023, the Company had a public float of 546,056,596 common shares and 548,600,237 common shares issued and outstanding. Under its current NCIB that expires March 8, 2023, Crescent Point has repurchased an aggregate 28,733,300 common shares out of a permitted 57,309,975 common shares as at February 28, 2023 at a weighted average price of $9.62 per share.