- Africa Oil Corp. (TSX:AOI) has repurchased a total of 995,883 of its common shares under its share buyback program
- The Canadian oil and gas stock stated that it repurchased 455,000 shares between April 29 and May 3, 2024
- This buyback was implemented in accordance with E.U. market abuse regulations and TSX policies
- Africa Oil Corp. last traded at $2.43 per share
Africa Oil Corp. (TSX:AOI) has repurchased a total of 995,883 of its common shares under its share buyback program.
In a media release, the Canadian oil and gas stock stated that it repurchased 455,000 shares between April 29 and May 3, 2024.
The repurchases were carried out by Scotia Capital Inc. on behalf of the company. During the same period, Africa Oil repurchased 540,883 common shares on NASDAQ Stockholm, carried out by Pareto Securities on behalf of the company.
Africa Oil first announced the buyback program back in December 2023, when it was limited to daily purchases of no more than 96,006 of its shares on the TSX, being 25 per cent of its average daily TSX trading volume at the time.
This buyback was implemented in accordance with E.U. market abuse regulations and TSX policies.
Africa Oil is an oil and gas company with production and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana.
Africa Oil Corp. stock (TSX:AOI) last traded at $2.43 and though it is down 6.54 per cent in the past year, it has risen 99.18 per cent in five years.
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