Talisman Energy Completes Filings for Renewal of Normal Course Issuer Bid
08 Dicembre 2010 - 11:00PM
Marketwired
Talisman Energy Inc. (TSX: TLM) (NYSE: TLM) has made the necessary
filings to renew its Normal Course Issuer Bid.
Pursuant to the Normal Course Issuer Bid, Talisman may purchase
for cancellation, during the 12-month period commencing December
15, 2010 and ending December 14, 2011, up to 51,068,705 of its
common shares, representing 5% of the common shares outstanding as
at November 29, 2010. The daily purchase limit is 672,214 common
shares, representing 25% of the average daily trading volume for
the six calendar months prior to the approval of the bid by the
TSX. As at November 29, 2010 there were approximately 1,021,374,108
common shares issued and outstanding.
Purchases under the Normal Course Issuer Bid will be made
through the facilities of the Toronto Stock Exchange and the New
York Stock Exchange. The purchase and payment for the common shares
will be made by the Company in accordance with the policies of the
exchange through which the common shares are purchased. Talisman
believes that the repurchase of its shares is one way of creating
shareholder value.
Talisman Energy Inc. is a global, diversified, upstream oil and
gas company, headquartered in Canada. Talisman's three main
operating areas are North America, the North Sea and Southeast
Asia. The Company also has a portfolio of international exploration
opportunities. Talisman is committed to conducting business safely,
in a socially and environmentally responsible manner, and is
included in the Dow Jones Sustainability (North America) Index.
Talisman is listed on the Toronto and New York stock exchanges
under the symbol TLM. Please visit our website at
www.talisman-energy.com.
Contacts: Talisman Energy Inc. - Media and General Inquiries
David Mann Vice-President, Corporate & Investor Communications
(403) 237-1196 (403) 237-1210 (FAX) tlm@talisman-energy.com
Talisman Energy Inc. - Shareholder and Investor Inquiries
Christopher J. LeGallais Vice-President, Investor Relations (403)
237-1957 (403) 237-1210 (FAX) tlm@talisman-energy.com
www.talisman-energy.com
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