Capricorn Energy PLC (GB:CNE) has released an update.
Capricorn Energy PLC has announced a significant share buyback, where a total of 27,519 shares were purchased across different trading venues for cancellation, at an average price of 187.02 GBP per share. The total cost of the ongoing share repurchase program has reached 18,195,935 GBP, reducing the total number of ordinary shares in issue to 71,354,154. This move could signal management’s confidence in the company’s value, potentially affecting shareholder interests and the stock’s market performance.
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