Enquest (GB:ENQ) has released an update.
EnQuest PLC has repurchased 488,143 of its ordinary shares, with a significant portion retained in Treasury for future issuance to the Company’s Employee Benefit Trust. This move is part of an ongoing share repurchase program aimed at optimizing the company’s capital structure, potentially boosting shareholder value. The total number of ordinary shares in issue now stands at approximately 1.9 billion, with 25 million held in Treasury.
For further insights into GB:ENQ stock, check out TipRanks’ Stock Analysis page.
