Capricorn Energy plc has restarted the US$25 million share buyback, first announced on in May 2023, of which $21m has to date been repurchased. The company said that the share buyback aimed to reduce its share capital, with the purchased shares to be held in treasury. Capricorn is authorised to purchase a maximum 10,815,854 existing […]
Tag: share buyback
EnQuest begins up to $15m share buyback
EnQuest plc has started a repurchase programme of its ordinary shares of 5 pence each in the company for up to $15 million. Merrill Lynch International will buy the ordinary shares, as principal and not as agent of the company, to sell and for EnQuest to buy. The agreement began on 29 April 2024 and […]
Serica starts up to 38m share buyback
Serica Energy plc has started its inaugural share buyback programme of up to 38,322,063 ordinary shares of US$0.10 each in the company for up to a maximum £15 million. STRATEGY The company’s shareholders authorised the programme at the 2023 general meeting. “The decision to initiate a buyback follows extensive discussions by the board,” said chairman […]
Capricorn spends £15m to date on share buyback
Capricorn Energy plc has to date bought 6,023,127 ordinary shares for cancellation for £15,412,453.41 including costs, under its May 2023 repurchase programme. The figure includes yesterday’s purchase of 16,852 shares each at a weighted average price of 124.32p. Following cancellation of the 16,852 shares, Capricorn will have 92,999,643 ordinary shares in issue, each with voting rights. […]
Reabold restarts share buyback from Victory proceeds
Reabold Resources plc has restarted its share buyback programme using new net proceeds from the sale of the Victory gas field to Shell. CAPITAL In October 2022 the company said it intended to begin the programme and return £4 million excess cash to shareholders on receipt of £9.5 million of deferred net sale proceeds from […]
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% […]