The Toronto Stock Exchange reports that Peyto Exploration & Development Corp. subscription receipts were halted at the open and delisted at the close on Oct. 18, 2023. According to the TSX, the company has closed its acquisition of Repsol Canada Energy Partnership and the escrow release conditions have been satisfied.
Holders of the subscription receipts will receive one common share of the company per subscription receipt held. Holders on Sept. 30, 2023, were entitled to a dividend equivalent payment of 11 cents, paid on Oct. 13, 2023.
The TSX notes that the subscription receipts are uncertificated and holders of subscription receipts need not take any action in order to receive the shares. For more information, see the short form prospectus dated Sept. 19, 2023, and the TSX bulletin dated Sept. 22, 2023.
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