OMV AG ( (DE:OMV) ) has issued an announcement.
OMV AG has announced a limited share repurchase program to fulfill its internal remuneration programs, including Long Term Incentive Plans and Annual Bonus schemes. The program, authorized by the General Meeting and pending Supervisory Board approval, aims to buy back up to 300,000 shares, approximately 0.0917% of the total share capital, through the Vienna Stock Exchange. This move is expected to support the company’s stock ownership plans without affecting its stock exchange listing.
More about OMV AG
OMV AG is a multinational integrated oil and gas company based in Vienna, Austria. It operates in the energy sector, focusing on the exploration, production, refining, and marketing of oil and gas. The company also engages in petrochemical production and has a significant presence in Central and Eastern Europe.
YTD Price Performance: 18.89%
Average Trading Volume: 17,248
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €14.44B
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