EnQuest PLC Boosts Shareholder Value with Stock Buyback

Enquest (GB:ENQ) has released an update.

EnQuest PLC has repurchased 772,269 of its ordinary shares at an average price of 11.04 GBp as part of its ongoing share buyback program, reducing its total shares in circulation and potentially increasing shareholder value. Since April, the company has acquired over 42 million shares, some of which are earmarked for employee benefits, while others are slated for cancellation. This move could impact the company’s stock liquidity and voting rights among shareholders.

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