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 […]
Tag: share buyback
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% […]
Shareholders refuse to support Tullow Oil’s share buyback
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 […]
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 […]