EnQuest PLC Advances Share Repurchase Strategy

Enquest (GB:ENQ) has released an update.

EnQuest PLC has actively engaged in repurchasing its shares, with a significant number of ordinary shares bought on September 5, 2024, through Merrill Lynch. The company has acquired over 28 million shares since late April, with a portion set aside for its Employee Benefit Trust and the remainder cancelled, impacting the total shares in issue and the voting rights. This reflects EnQuest’s strategic efforts to manage its equity and provide value to its shareholders.

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