North American Energy Partners Announces Dividend Policy and Declares First Quarterly Dividend
20 Febbraio 2014 - 12:46AM
Marketwired
North American Energy Partners Announces Dividend Policy and
Declares First Quarterly Dividend
EDMONTON, ALBERTA--(Marketwired - Feb 19, 2014) - North American
Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA)(NYSE:NOA)
today announced that as part of the Company's long term strategy to
maximize shareholder value and broaden its shareholder base, the
board of directors has approved the implementation of a new
dividend policy (the "Dividend Policy"). Pursuant to the Dividend
Policy, the company intends to pay an annual aggregate dividend of
eight Canadian cents ($0.08) per common share, payable on a
quarterly basis.
Pursuant to the Dividend Policy, the Board of Directors has also
declared a dividend (the "Dividend") of two Canadian cents ($0.02)
on each of the Corporation's common shares issued and outstanding
as of 5:00 p.m. Toronto local time on the Record Date, being March
31, 2014. It is anticipated that Dividend payments will be made on
April 21, 2014.
Additional information concerning the Dividend Policy and the
first quarterly Dividend will be provided at a later date. Be
advised that the Company will review the Dividend Policy from time
to time with respect to the Company's cash flow, earnings,
financial position and other relevant matters.
Forward-Looking Information
The information provided in this release contains
forward-looking statements. Forward-looking statements include
statements preceded by, followed by or that include the words
"anticipate", "intend" or similar expressions. Examples of
forward-looking information in this news release include the
quarterly payments pursuant to the Dividend Policy and the
anticipated date of the Dividend payment. Actual results could
differ materially from those contemplated by such forward-looking
statements as a result of any number of factors and uncertainties,
many of which are beyond our control. Important factors that could
cause actual results to differ materially from those in
forward-looking statements include general economic and market
conditions, success of business development efforts, changes in oil
and gas prices, availability of a skilled labour force, internal
controls, general economic conditions, terms of our debt
instruments, exchange rate fluctuations, weather conditions,
performance of our customers, access to equipment, changes in laws
and ability to execute transactions. Undue reliance should not be
placed upon forward-looking statements and we undertake no
obligation, other than those required by applicable law, to update
or revise those statements.
For more complete information about us you should read the
Company's disclosure documents that have been filed with the SEC
and the CSA. You may obtain these documents for free by visiting
EDGAR on the SEC website at www.sec.gov or on the CSA website at
www.sedar.com.
About the Company
North American Energy Partners Inc. (www.naepi.ca) is the
premier provider of heavy construction and mining services in
Canada. For more than 50 years, NAEP has provided services to large
oil, natural gas and resource companies, with a principal focus on
the Canadian Oil Sands. The Company maintains one of the largest
independently owned equipment fleets in the region.
North American Energy Partners Inc.David Brunetta, CMASenior
Financial Manager, Investor Relations(780)
969-5574dbrunetta@nacg.cawww.naepi.ca
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