Enquest (GB:ENQ) has released an update.
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EnQuest PLC has acquired 185,031 of its own ordinary shares on December 4, 2024, as part of a repurchase program through Merrill Lynch. Since April 2024, the company has bought over 51 million shares, with a portion retained for employee benefits and others canceled, effectively reducing the total outstanding shares to enhance shareholder value. This strategic move is designed to improve shareholder returns and streamline the company’s capital structure.
For further insights into GB:ENQ stock, check out TipRanks’ Stock Analysis page.
