News Oil & Gas

Reabold to continue share buyback

Posted on Author editorial Comments Off on Reabold to continue share buyback

Reabold Resources plc said it would continue its share buyback programme following shareholder approval at the company’s general meeting today. 

The aggregate value of Reabold’s ordinary shares each of 0.1 pence repurchased to date is £120,836 of the initial programme’s £750,000.

The maximum amount of cash allocated to the programme from today’s date is £629,164.

At today’s meeting, 22.09% voted against the scheme which is expected to run until 29 September 2023.

Related Articles
Finance News Oil & Gas

United settles outstanding $840,000 debt

Posted on Author editorial

United Oil & Gas plc said it had settled the final outstanding sum of $839,200 with its debt provider. JAMAICA The company has also completed the necessary paperwork to withdraw fully from Egypt. Chief executive Brian Larkin added: “We’re delighted to have reached a settlement agreement with our debt provider and express our gratitude for […]
Company Moves News Oil & Gas

Tullow appoints Phuthuma Nhleko as non-executive chairman

Posted on Author editorial

Tullow Oil plc has appointed Phuthuma Nhleko as an independent non-executive director and chairman-designate. He replaces Dorothy Thompson CBE who will retire as chairman and from the board by the end of 2021. Mr Nhleko has extensive experience in emerging markets having worked across Africa over the past three decades. He was chief executive of […]
Finance Metals & Minerals News

Clontarf raises £450,000 via placing

Posted on Author editorial

Clontarf Energy plc has raised £450,000 before expenses via a placing of one billion new ordinary shares of 0.01p each in the company at a price of 0.045p per placing share. The placing shares represent approximately 12.2% of Clontarf’s enlarged issued share capital. Following admission, the company will have 8,193,326,117 ordinary shares in issue, each with the right […]