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Hafnia ( (HAFN) ) has provided an announcement.
Hafnia Limited has completed a share cancellation following its recently finalised buyback program, retiring 12,681,253 repurchased shares and an additional 40,000 treasury shares held outside the VPS and DTC systems. After these cancellations, the company’s issued share capital stands at 499,842,279 shares, of which 60,974 remain in treasury, modestly increasing earnings per share and tightening its free-float structure for investors.
The adjustment in share count reflects Hafnia’s continued capital management efforts at a time when tanker markets have been buoyant, underlining management’s confidence in the company’s long-term prospects. The move may strengthen shareholder value through a more efficient balance sheet while maintaining sufficient liquidity in the stock across its Oslo and New York listings.
The most recent analyst rating on (HAFN) stock is a Buy with a NOK10.00 price target. To see the full list of analyst forecasts on Hafnia stock, see the HAFN Stock Forecast page.
More about Hafnia
Hafnia Limited is one of the world’s leading tanker owners, transporting oil, oil products, and chemicals for major national and international oil, chemical, trading, and utility companies. Operating around 200 vessels, the BW Group-owned company runs an integrated shipping platform with technical management, chartering, pool management, and bunker procurement from hubs in Singapore, Copenhagen, Houston, and Dubai, employing over 4,000 staff onshore and at sea.
Average Trading Volume: 885,678
Current Market Cap: NOK37.46B
See more insights into HAFN stock on TipRanks’ Stock Analysis page.