Africa Oil (TSE:AOI) has released an update.
Africa Oil Corp. has successfully bought back 1,303,800 of its common shares as part of its ongoing share repurchase program, with transactions executed on both the Toronto Stock Exchange and Nasdaq Stockholm. Since the buyback program’s initiation in December 2023, Africa Oil has repurchased a total of 15,850,632 shares, aiming for a maximum of 38,654,702 shares by December 2024. All repurchased shares are set to be cancelled as the company continues to focus on its oil and gas assets across Africa and in Guyana.
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