Harbour Energy plc today started to buy back its own ordinary shares for up to a maximum aggregate value of $250 million (£185.6m). The company announced the news in its 2026 half year results, which showed “excellent” operational performance and record production of more than 500,000 barrels per day. Outlook for its free cash flow […]
Tag: share buyback
Power plans investor returns via capital reduction
Power Metal Resources plc plans a capital reduction programme aimed at creating “sufficient distributable reserves” to return capital, through share buybacks or dividends, to its shareholders. FLEXIBILITY The company said that the “normal course” action was “highly desirable” to give it the “maximum flexibility” to return value to its investors. Power Metal added: “The company will, […]
Central begins up to $10m share buyback
Central Asia Metals plc today started to buy back up to 18,190,494 ordinary shares of US$0.01 each, for up to a maximum aggregate value of US$10 million. PROGRAMME Shareholders granted the company the authority to purchase the shares, via the London Stock Exchange, at its 2025 annual general meeting. Central will continue the programme until […]
Harbour to begin up to $100m share buyback
Harbour Energy plc will start buying back its own shares from 8 August for up to a maximum aggregate of $100 million. DEADLINE The move will reduce the company’s share capital with all shares purchased cancelled. As at 28 February 2025, Harbour’s issued share capital comprised 1,440,116,191 ordinary shares of 0.002 pence, with voting rights […]
Capricorn restarts share buyback
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 […]
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 […]