FOR IMMEDIATE RELEASE
CALGARY, Alberta (November 12, 2014) – Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors (with Mr. Jim Hill, the significant shareholder through J.D Hill Investments Ltd., abstaining from voting) declared a quarterly dividend of seventeen cents (C$0.17) per share on the company’s common shares. The dividend will be paid on December 29, 2014 to shareholders of record at the close of business on December 16, 2014. Going forward, the Board of Directors plans to pay dividends in the same quarter in which they are declared.
Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.
Pason Systems Inc.
Pason Systems Inc. is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, and web-based information management, enable collaboration between the rig and the office. Pason’s common shares trade on the Toronto Stock Exchange under the symbol PSI.
For more information about Pason Systems Inc., visit the company’s website at www.pason.com or contact:
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