Civeo Corp 10-Q

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table provides information about purchases of our common shares during the three months ended September 30, 2024. Total Number of Shares Purchased Average Price Paid per Share Total number of shares purchased as part of publicly announced plans or programs Maximum number of shares that may be purchased under the plans or programs July 1, 2024 - July 31, 2024 5,606 (1) $ 24.91 5,606 166,771 August 1, 2024 - August 31, 2024 18,840 (1) $ 27.76 18,840 147,931 September 1, 2024 - September 30, 2024 490,345 (1) (2) $ 27.61 490,345 361,247 (2) Total 514,791 $ 27.59 514,791 361,247 (1) In 2023, our Board authorized a common share repurchase program (the 2023 Share Repurchase Program), which expired in September 2024, to repurchase up to 5.0% of our total common shares which were issued and outstanding, or 742,134 common shares. We repurchased an aggregate of 165,482 of our common shares outstanding for approximately $4.5 million under the 2023 Share Repurchase Program during the three months ended September 30, 2024. (2) In September 2024, our Board authorized the repurchase of up to 5% of our total common shares which were issued and outstanding, or 710,556 common shares (the 2024 Share Repurchase Program). Under the Share Repurchase Program, we may repurchase shares through open market repurchases, pursuant to a Rule 10b5‑1 compliant plan, or in privately negotiated transactions. The Share Repurchase Program expires 12 months from the date of the first repurchase and was made pursuant to a foreign issuer bid exemption under Canadian securities law, which permits us to make repurchases in excess of 5% (subject to approval by our Board). We repurchased an aggregate of 349,309 of our common shares outstanding for approximately $9.7 million under the 2024 Share Repurchase Program during the three months ended September 30, 2024.