FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the month of: February, 2014 |
Commission File Number: 1-12384 |
SUNCOR ENERGY INC.
(Name of registrant)
150 6th Avenue S.W.
P.O. Box 2844
Calgary, Alberta
Canada, T2P 3E3
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F |
|
|
Form 40-F |
X |
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): ________
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.
|
|
SUNCOR ENERGY INC. | |
|
|
| |
|
|
| |
Date: |
|
By: | |
|
|
| |
|
|
| |
February 20, 2014 |
|
|
Shawn Poirier |
|
|
|
Shawn Poirier |
|
|
|
Assistant Corporate |
|
|
|
Secretary |
EXHIBIT INDEX
Exhibit |
|
Description of Exhibit |
|
|
|
99.1 |
|
News Release dated February 18, 2014, Suncor Energy amends Normal Course Issuer Bid |
EXHIBIT 99.1
News Release dated February 18, 2014, Suncor Energy amends Normal Course Issuer Bid
News Release |
FOR IMMEDIATE RELEASE
Suncor Energy amends Normal Course Issuer Bid
Calgary, Alberta (Feb. 18, 2014) Suncor today announced it has received approval from the Toronto Stock Exchange (TSX) to amend its existing Normal Course Issuer Bid (the NCIB) effective as at the close of markets on February 21, 2014 through the facilities of the TSX, New York Stock Exchange and/or alternative trading platforms. The notice provides that Suncor may increase the maximum number of common shares that may be repurchased from approximately $1.8 billion, or approximately 4% of the public float as at July 29, 2013, to approximately $2.8 billion, or approximately 7.4% of the public float as at July 29, 2013. The decision to increase the NCIB was previously announced with Suncors fourth quarter release on February 3, 2014. No other terms of the NCIB have been amended.
Suncor has already repurchased approximately $1.1 billion of common shares under the NCIB since August 5, 2013. Pursuant to the NCIB, Suncor has agreed that it will not purchase more than 111,121,897 common shares, of which 30,554,571 common shares have already been purchased between August 5, 2013 and January 31, 2014.
The actual number of common shares that may be purchased and the timing of any such purchases will be determined by Suncor. Suncor believes that, depending on the trading price of its common shares and other relevant factors, purchasing its own shares represents an attractive investment opportunity and is in the best interests of the company and its shareholders.
From February 1, 2013 to August 4, 2013, under Suncors previous normal course issuer bid, Suncor successfully completed the purchase of approximately $730 million worth of its common shares (23,641,600) at a weighted average price of $31.02 per common share.
Subject to the block purchase exemption that is available to Suncor for regular open market purchases under the NCIB, Suncor and the financial institution will limit daily purchases of Suncor common shares on the TSX in connection with the NCIB to no more than 25% (915,214) of the average daily trading volume of Suncors common shares on the TSX during any trading day.
In the future, Suncor may enter into a new automatic share purchase plan in relation to purchases made under the NCIB.
Suncor Energy is Canadas leading integrated energy company. Suncors operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncors common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
30
For more information about Suncor Energy please visit our web site at suncor.com, follow us on Twitter @SuncorEnergy or read our blog, OSQAR.
|
Suncor Energy |
|
150 6 Avenue S.W. Calgary, Alberta T2P 3E3 |
|
suncor.com |
Investor inquiries:
800-558-9071
invest@suncor.com
Media inquiries:
403-296-4000
media@suncor.com
@7!M$1KVZ7[\<;`!#Z%O7V
MKG1\8'W