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Africa Oil (TSX:AOI) announces further share repurchases

Energy, Market News
TSX:AOI
30 January 2023 09:30 (EDT)

Source: Africa Oil.

Africa Oil (AOI) has repurchased 321,790 shares from January 23 to January 27, 2023.

This includes 115,100 shares on the TSX and/or alternative Canadian trading systems through Scotia Capital, as well as 206,690 shares on Nasdaq Stockholm through Pareto Securities.

The company will cancel all repurchased shares.

During the same period, Africa Oil cancelled 745,100 common shares repurchased under the ongoing normal course issuer bid.

Repurchases under the program to date total 18,876,980 shares of a maximum of 40,482,356.

Africa Oil is a Canadian oil and gas company producing and developing assets in Nigeria, Kenya and Guyana.

Africa Oil (AOI) opened with a loss of 2.47 per cent, trading at $2.76 per share.


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