Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
23 April 2024 - 5:56AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under the
Securities Exchange Act of 1934
For the month of April 2024
Commission File Number: 001-32754
BAYTEX ENERGY CORP.
(Exact name of registrant as specified in its charter)
2800, 520 - 3rd AVENUE S.W.
CALGARY, ALBERTA, CANADA
T2P 0R3
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
The following document attached as an exhibit hereto is incorporated by reference herein:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
BAYTEX ENERGY CORP.
|
|
|
|
|
|
|
/s/ James R. Maclean
|
|
|
Name:
|
James R. Maclean
|
|
|
Title:
|
Chief Legal Officer & Corporate Secretary
|
Dated: April 22, 2024
BAYTEX ENERGY ANNOUNCES GRANTING OF EXEMPTIVE RELIEF REGARDING ITS
NORMAL COURSE ISSUER BID PROGRAM
CALGARY, ALBERTA (April 22, 2024) - Baytex Energy Corp. ("Baytex") (TSX: BTE) (NYSE: BTE) today announced it obtained an exemption order from the Canadian securities regulators which permits Baytex to purchase up to 10 percent of the "public float" (within the meaning of the rules of the Toronto Stock Exchange (the "TSX")) of its common shares through the New York Stock Exchange and other U.S.-based trading systems (together with the New York Stock Exchange, "U.S. Markets") as part of Baytex's shareholder return strategy, including the current normal course issuer bid announced on June 23, 2023 (the "Current Bid"). Absent this exemptive relief, Baytex's purchases under a normal course issuer bid on U.S. Markets would be limited to not more than 5 percent of its outstanding common shares over any twelve-month period.
The exemptive relief expires August 1, 2025 and is applicable to the Current Bid and any subsequent normal course issuer bid in effect until such time. It is conditional upon, among other things, purchases being made in compliance with applicable U.S. rules, the TSX rules applicable to normal course issuer bids, National Instrument 23-101 - Trading Rules and at a price not higher than the market price at the time of purchase. The aggregate number of common shares purchased by Baytex over any exchange or market over the relevant 12-month period of a particular normal course issuer bid may not exceed 10 percent of the public float, as specified in Baytex's notice accepted by the TSX in respect of the relevant normal course issuer bid, including the Current Bid.
Baytex Energy Corp.
Baytex Energy Corp. is an energy company with headquarters based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.
For further information about Baytex, please visit our website at www.baytexenergy.com or contact:
Brian Ector, Senior Vice President, Capital Markets and Investor Relations
Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com
Baytex Energy (PK) (USOTC:BTEGF)
Historical Stock Chart
From Apr 2024 to May 2024
Baytex Energy (PK) (USOTC:BTEGF)
Historical Stock Chart
From May 2023 to May 2024
