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Enquest ( (GB:ENQ) ) has shared an update.
EnQuest PLC, a company engaged in the oil and gas industry, announced the repurchase of 639,986 of its ordinary shares on 23 December 2024, through Merrill Lynch International. This move is part of its ongoing share repurchase program, which has seen the company purchase over 55 million shares since April 2024. Of these, 25 million shares are held in Treasury for future issuance, while the remainder has been canceled, adjusting the total voting rights to 1,860,409,109. This transaction aligns with EnQuest’s broader strategy to manage its share capital effectively, potentially impacting shareholder interests and market perceptions.
More about Enquest
YTD Price Performance: -25.07%
Average Trading Volume: 2,852,595
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £209.4M
For detailed information about ENQ stock, go to TipRanks’ Stock Analysis page.
