Brief: Step Energy Acquires U.S. Coiled Tubing

STEP Energy Services

01/09/2022 13:25

Sept 1 (Reuters) - Step Energy Services Ltd  STEP.TO :
    * STEP ENERGY SERVICES LTD. ANNOUNCES ULTRA-DEEP U.S. COILED
TUBING ACQUISITION & CHANGES TO EXECUTIVE LEADERSHIP TEAM
    * STEP ENERGY SERVICES LTD SAYS CEO REGAN DAVIS TO RETIRE
    * STEP ENERGY SERVICES LTD-  MR. REGAN DAVIS WILL RETIRE AS
CEO OF
STEP EFFECTIVE SEPTEMBER 30
    * STEP ENERGY SERVICES LTD - ACQUISITION WAS FUNDED BY
COMBINATION
OF $2.77 MILLION (USD) IN CASH & ISSUANCE OF 2.6 MILLION STEP
SHARES AT $5.204 PER SHARE
    * STEP ENERGY SERVICES - STEVE GLANVILLE, CO'S CURRENT
PRESIDENT &
COO WILL ASSUME PRESIDENT & CEO ROLE & REPLACE DAVIS AS
EXECUTIVE DIRECTOR ON BOARD

Source text for Eikon:  ID:nGNX7KSFFL 
Further company coverage:  STEP.TO 

 ((Reuters.Briefs@thomsonreuters.com;))