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Enquest ( (GB:ENQ) ) just unveiled an update.
EnQuest PLC, a company involved in the energy sector, has announced a recent transaction involving the repurchase of its own shares. On December 20, 2024, EnQuest purchased 568,300 ordinary shares at a weighted average price of 11.29 GBp per share across various trading venues, as part of its ongoing share repurchase program initiated on April 29, 2024. This move is part of a broader strategy to manage its capital structure, which included the cancellation of 29,875,244 shares and the allocation of 25,000,000 shares into Treasury for future issuance to the company’s Employee Benefit Trust. The total number of shares in issue post-cancellation stands at 1,886,049,095, with 1,861,049,095 shares having voting rights in the company.
More about Enquest
YTD Price Performance: -25.07%
Average Trading Volume: 2,852,595
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £209.4M
For an in-depth examination of ENQ stock, go to TipRanks’ Stock Analysis page.
