Africa Oil Corp (TSX:AOI) announced that it has repurchased 488,075 shares from March 11, 2024, to March 15, 2024, under its previously announced share buyback program.
The company said that during this period, it repurchased 178,700 shares on the TSX and alternative Canadian trading systems. The repurchases were carried out by Scotia Capital on behalf of Africa Oil.
During the same period, it repurchased 309,375 shares on the Nasdaq Stockholm, with these repurchases carried out by Pareto Securities on behalf of Africa Oil.
All shares repurchased by the company under the program will be cancelled, it said.
The company said that since December 6, 2023, up to and including March 15, 2024, 5,730,872 Africa Oil shares have been repurchased through the share repurchase program.
A maximum of 38,654,702 Africa Oil shares may be repurchased under the program in the 12 months starting December 6, 2023, or an earlier date the program is completed or terminated by the company.
Africa Oil is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana.