Africa Oil (TSE:AOI) has released an update.
Africa Oil Corp. has successfully bought back 994,000 of its own common shares as a part of its ongoing share repurchase program, between June 3 and June 7, 2024. The transactions, in line with regulatory requirements, were executed on both the Toronto Stock Exchange and Nasdaq Stockholm, with the aim to cancel all repurchased shares. Since the program’s commencement in December 2023, the company has acquired a total of 19,173,932 shares, with a potential to buy back up to 38,654,702 shares within a twelve-month period.
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