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 […]
Tag: share buyback
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 […]
Kenmare Resources reaches target £23.6m under share buyback
Kenmare Resources plc has reached its target £23.6 million under last month’s tender offer to buy back shares from its investors. Eligible shareholders have tendered a total 22,006,119 shares of which, following a scale-back mechanism, the company will buy 5,601,390 at £4.22 per share. On completion, Kenmare’s issued ordinary share capital will be 89,228,161 shares […]
Kenmare Resources tender offer proposes up to $30m return to shareholders
Kenmare Resources plc plans to return up to $30 million (£23.6m) to eligible shareholders by buying up to 5.9% of the company’s issued ordinary shares. CASH RESOURCES The proposed tender offer by the operator of the Moma titanium mine in Mozambique will be at £4.22 per ordinary share, being the closing price on 14 August […]