Exchange Bulletin
STEP Energy Services Ltd. (STEP) To Trade On Toronto Stock Exchange
April 28, 2017
| Issuer: | STEP Energy Services Ltd. (the "Company") |
| Security: | Common shares (the "Shares") |
| Symbol(s): | STEP |
| Issue price per security: | $10.00 |
| Number of securities issued and outstanding: | 60,119,703 |
| Number of securities reserved for issuance: | 16,499,469 |
| Listing category: | Industrial, Non-Exempt Issuer |
| CUSIP: | 85859H 10 5 |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering (the "Offering"). |
| Listing date: | May 1, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | May 2, 2017 (prior to the opening) |
| Posted for trading date: | May 2, 2017 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Citadel Securities Canada ULC |
| Security ownership registration: | Non-certificated inventory |
| Investor relations: | Regan Davis Email: rdavis@step-es.com Robert Sprinkhuysen Email: rspinkhuysen@step-es.com |
| Incorporation: | Business Corporations Act (Alberta) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is an oilfield service company that provides specialized and fully integrated coil tubing and fracturing solutions. |
| Transfer agent and registrar: | TSX Trust Company at its principal offices in Calgary and Toronto. |
| Dividends: | The Company has not paid dividends to its shareholders to date and does not anticipate paying any dividends. |
| Sponsorship: | Waived |
| Disclosure document: | Prospectus dated April 25, 2017 which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the disclosure document. |
| Initial public offering: | 10,000,000 Shares are being offered to the public from treasury at a price of $10.00 per Share (the "Offering Price"). In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 1,500,000 Shares from Selling Shareholders at the Offering Price. |
| TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |