Africa Oil (TSE:AOI) has released an update.
Africa Oil Corp. has successfully bought back 1,244,300 of its common shares as part of its ongoing share repurchase program. Executed both on the Toronto Stock Exchange and Nasdaq Stockholm between June 10 and June 14, 2024, these actions are in line with regulatory compliance and will result in the cancellation of the repurchased shares. Since the program’s commencement in December 2023, Africa Oil has repurchased over 20 million shares, with a potential maximum of almost 39 million shares targeted by December 2024.
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