Capricorn Energy PLC (GB:CNE) has released an update.
Capricorn Energy PLC has announced a significant share buyback, purchasing 35,395 of its own ordinary shares across different trading venues, signaling a move to increase shareholder value and potentially influence the stock’s market price. The repurchase, which was conducted through Merrill Lynch International, is part of a larger buyback program that began on May 4, 2023, and has amassed a total cost of £17,062,775, reducing the total ordinary shares in issue to 71,961,440. Shareholders may use the updated total voting rights to assess their stake in the company following the share cancellations.
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