00:37:02 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Ovintiv Inc
Symbol OVV
Shares Issued 273,858,158
Close 2023-09-08 C$ 64.58
Market Cap C$ 17,685,759,844
Recent Sedar Documents

Ovintiv holder NMB prices secondary offering of shares

2023-09-11 12:05 ET - News Release

An anonymous director reports

OVINTIV ANNOUNCES PRICING OF OFFERING OF COMMON STOCK BY A SELLING STOCKHOLDER

Ovintiv Inc. has noted the pricing of an underwritten public offering of 15 million shares of its common stock by NMB Stock Trust, a Delaware statutory trust (the selling stockholder), for gross proceeds of approximately $684.8-million (U.S.). The company will not sell any shares of its common stock in the offering and will not receive any proceeds from the sale of the shares in the offering. The offering is expected to close on Sept. 13, 2023, subject to customary closing conditions.

J.P. Morgan is acting as underwriter for this offering. The shares will be sold in a registered offering pursuant to an effective automatic shelf registration statement on Form S-3 that was previously filed with the United States Securities and Exchange Commission (SEC), a prospectus and a related prospectus supplement. A copy of the prospectus relating to the securities can be obtained from J.P. Morgan Securities LLC, via Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, N.Y., 11717, telephone: 866-803-9204, e-mail: prospectus-eq_fi@jpmchase.com. The documents may also be accessed by visiting the SEC's website.

In addition, the company has agreed to purchase from the underwriter, out of the 15 million shares that are the subject of the offering, one million shares of the company's common stock at a price per share equal to the price at which the underwriter will purchase the shares from the selling stockholder in the offering. The offering is not conditioned upon the closing of the repurchase, but the repurchase is conditioned upon the closing of the offering.

We seek Safe Harbor.

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