Enquest (GB:ENQ) has released an update.
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EnQuest PLC has repurchased 85,370 of its ordinary shares through Merrill Lynch, as part of its ongoing share repurchase program, bringing the total bought since April 2024 to over 42 million shares. This move is aimed at optimizing the company’s capital structure, with a portion of the shares allocated for treasury and future issuance to the Employee Benefit Trust. Following the cancellation of some shares, the company’s total voting rights now stand at approximately 1.87 billion.
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