Tullow Oil plc has failed to win shareholders’ approval to buy back its own shares. DIRECTORS At today’s general meeting a total of 246,564,929 shareholders, equal to 27.29%, voted against resolution 19. Of an aggregate 903,642,231 shareholders, those who abstained numbered 670,045. All other 18 resolutions were passed although with some dissent over re-election of […]
Tag: share buyback
Capricorn to start $25m share buyback
Capricorn Energy plc said it planned to buy back shares in the company for up to a maximum total of US$25 million. CAPITAL REDUCTION The company expects the repurchase programme, managed by Merrill Lynch International, to start immediately and complete by no later than 30 April 2024. The scheme aims to reduce the capital of […]
Union Jack starts share buyback
Union Jack Oil plc has started a share buyback programme funded by its own existing cash. TREASURY The programme will also be within the limitations of the authority granted by shareholders at the 2021 general meeting in June 2022. As at 27 March 2023, the company had purchased a total of 2,825,000 ordinary shares in […]
Harbour begins $200m share buyback
Harbour Energy plc said it had today started a share buyback programme of the company’s ordinary shares for up to a maximum of $200 million. PROGRAMME The company has signed an irrevocable, non-discretionary agreements with its corporate brokers to execute the programme on its behalf. Harbour added that it continued to employ a disciplined and […]
Capricorn suspends $200m share buyback
Capricorn Energy plc said it had suspended its £200 million share buyback following the company’s announcement today to merge with Tullow Oil plc. The suspension excludes the US$25 million tranche announced on 7 April 2022, which is being conducted by JP Morgan Securities PLC on a non-discretionary basis and will end no later than 6 […]