Africa Oil Corp (TSE:AOI) has released an update.
Africa Oil Corp. has successfully repurchased 995,883 of its common shares as part of its ongoing share buyback program, in compliance with the Market Abuse Regulation and Safe Harbour Regulation. The shares were acquired through transactions on both the Toronto Stock Exchange and Nasdaq Stockholm, with the aim of canceling all repurchased shares. Since the program’s inception in December 2023, the company has bought back over 13.5 million shares, with a maximum target of close to 38.7 million shares to be repurchased by December 2024.
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