Africa Oil Advances Share Buyback Program

Africa Oil (TSE:AOI) has released an update.

Africa Oil Corp. has successfully repurchased 432,200 of its common shares between June 24 and June 25, 2024, as part of its ongoing share buyback program, which is conducted in compliance with regulatory standards. Since the commencement of the program in December 2023, the company has bought back over 21 million shares, with the potential to repurchase up to nearly 39 million shares by December 2024. Following the buybacks, Africa Oil’s total issued and outstanding shares with voting rights stand at 442,032,639 as of June 30, 2024.

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