Each one in plain English, with the numbers worked through for a shareholder.
7 Oct 2014dividend declaration● Neutral
Pengrowth filed an amended and restated Premium Dividend, Dividend Reinvestment and Optional Common Share Purchase Plan, dated as of October 4, 2014. Shareholders can reinvest dividends in new shares at a 5% discount to the five-day average market price, or under the Premium Dividend component receive cash equal to 102% of the dividend. The plan replaces the December 31, 2010 plan, names Computershare Trust Company of Canada as plan agent and Canaccord Genuity as plan broker, and is incorporated into an F-3D registration statement. This brings back the premium dividend option that the company suspended in November 2012, and it lists Computershare rather than Olympia as agent for this plan.
Pengrowth's headline says it exceeded its 2013 production guidance on lower capital spending and delivered strong reserves growth. This compares against the 2013 guidance announced in January 2013; the filing text has only the headline, so no production, spending or reserves figures are available.
15 July 2013regulatory community update▲ GoodMajor
Pengrowth announced it received regulatory approval for the 12,500 barrel per day first commercial phase of the Lindbergh thermal bitumen project. This follows the January 2013 decision to accelerate the project; only the headline is in the filing, so costs and start-up timing are not given.
Pengrowth announced a Cdn $0.04 per share dividend payable June 17, 2013, the same reduced rate as since August 2012. Only the headline and cover page are in the filing; the news release itself is not included.
Pengrowth announced completion of the sale of its non-core Weyburn asset, closing the transaction announced in December 2012. Only the headline appears in the filing text provided, so price and buyer are not stated.
Pengrowth announced a Cdn $0.04 per share dividend payable February 15, 2013, the same reduced rate. Only the headline appears in the filing text provided.
Pengrowth announced it is sanctioning acceleration of the Lindbergh project, with a 2013 capital program, 2013 production guidance and a reaffirmed commitment to the dividend. Only the headline appears in the filing text provided, so spending and production figures are not available.
Pengrowth announced the sale of a non-core Weyburn asset. This appears to be part of the post-NAL plan to sell about 10% of non-core assets, though the filing text provided has only the headline, so price and buyer are not stated.
Pengrowth announced the acquisition of additional Lochend Cardium assets. Only the headline appears in the filing text provided, so price, size and counterparty are not stated.
Pengrowth announced a Cdn $0.04 per share dividend payable December 17, 2012. Only the cover page and headline are in the filing text provided, so record dates and other details are not shown. It continues the reduced rate.
Pengrowth announced it is suspending its Premium Dividend program (the Canadian cash-for-shares option added in January 2012). Only the headline appears in the filing text provided, so effective dates and reasons are not shown; the DRIP itself is not mentioned.
Pengrowth filed a note purchase agreement dated October 18, 2012 for new unsecured-style private senior notes (a subsidiary guaranty is included) totalling U.S. $335M plus £15M and Can. $25M: US$35M 3.49% due 2019, US$105M 4.07% due 2022, US$195M 4.17% due 2024, £15M 3.45% due 2019, and Can$25M 4.74% due 2022. This adds new long-term debt alongside the 2010 notes and bank facilities; the excerpt does not show how the proceeds will be used, though a use-of-proceeds schedule is listed.
