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.

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