88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF), the oil explorer, is launching a small holding share buyback for investors who hold a stake worth less than US$500, with the group’s broker Euroz Hartleys commencing the process in an “orderly manner”.
Offers will be made based on the average of the closing share price from the last five days prior to the purchase offer, the company said in a statement.