Saturday, October 1 2022

CALGARY, Alta., August 29, 2022 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today announced that the Toronto Stock Exchange (“TSX”) has accepted notice filed by ARC to commence a Normal Course Issuer Bid (“NCB”) ). The OPRCA allows ARC to purchase up to 65,269,511 of its outstanding ordinary shares (“ordinary shares”), representing 10% of its public float, over a period of 12 months, starting on September 1, 2022.

ARC Resources Ltd logo (CNW Group/ARC Resources Ltd.)

ONCE continue to complement ARC’s sustainable and growing dividend in the Company’s strategy to accelerate the return of capital to shareholders. ARC believes that when there are large dislocations between the stock price and the intrinsic value of the company, such as today, an NCIB can increase shareholder value and growth per share of the company.

Under the terms of the issuer bid, the common shares may be purchased in open market transactions on the TSX and other alternative trading venues in Canada and in accordance with TSX rules for OPRCNs. OPNA will begin on September 1, 2022 and expire no later than August 31, 2023. Subject to exceptions for bulk purchases, ARC will limit daily purchases of Common Shares on the TSX to a maximum of 1,152,010 Common Shares or 25% of the average daily trading volume of the Common Shares on the TSX of 4,608,042 common shares during one trading day. . ARC previously purchased a total of 72,236,753 shares of common stock at a weighted average price of $14.26 under a normal course issuer bid September 1, 2021 and August 31, 2022.

As part of the OPRCA, the Company has entered into an automatic share purchase plan with a broker to allow ARC to provide standard instructions and purchase common shares on the open market during blackout periods. that she imposed on herself. Outside of these blackout periods, common shares may be purchased under the issuer bid at management’s discretion.

A copy of the Form 12 Notice of Intention to Make a Normal Course Issuer Bid filed by ARC with the TSX may be obtained upon request from the Company free of charge.

As soon as the offices close on August 23, 2022the Company had 654,887,328 common shares issued and outstanding.

This press release does not constitute an offer to sell securities, or a solicitation of an offer to buy securities, in any jurisdiction.

Notice on forward-looking information

Certain information about ARC presented in this document contains forward-looking statements that involve substantial known and unknown risks and uncertainties. Use of any of the words “plan”, “expect”, “intend”, “believe”, “should”, “anticipate”, or other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements. These statements are only predictions and actual events or results may differ materially. Many factors could cause ARC’s actual results to differ materially from those expressed or implied by forward-looking statements made by or on behalf of ARC. In particular, forward-looking statements contained herein include, but are not limited to, statements regarding the anticipated benefits of the OPRA. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the risk that the anticipated benefits of the issuer bid will not be realized. Readers are cautioned that the above list of factors is not exhaustive. Although the forward-looking statements contained herein are based on assumptions that management believes are reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to the forward-looking statements contained herein, ARC has made assumptions regarding, among other things, the Company’s ability to realize the benefits of the Tender Offer. These forward-looking statements are made as of the date of this document, and ARC disclaims any intention or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results, or otherwise, other than if necessary. by applicable securities laws.

About ARC

ARC Resources Ltd. is the greatest pure-play Montney producer and one of from Canada the largest dividend-paying energy companies, with low-cost operations and leading ESG performance. ARC’s investment grade credit profile is supported by geographic and commodity diversity and strong risk management practices in all aspects of the business. ARC’s common shares trade on the Toronto Stock Exchange under the symbol ARX.

Please visit the CRA website at www.arcresources.com or contact Investor Relations:

Email: [email protected]
Phone: (403) 503-8600
Fax: (403) 509-6427
Toll Free: 1-888-272-4900

ARC Resources Ltd.
Office 1200, 308 – 4 Avenue SW
CalgaryAB T2P 0H7

SOURCEARC Resources Ltd.

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