Africa Oil Corp (TSX:AOI) announced that it repurchased 1,138,400 of its common shares between May 27 and May 31, 2024, under its share buyback program.
During this period, 450,900 shares were repurchased on the TSX or alternative Canadian trading systems on behalf of the company by Scotia Capital.
Pareto Securities on behalf of the company repurchased 687,500 shares on the Nasdaq Stockholm during the same period.
Since December 6, 2023, Africa Oil has repurchased a total of 18,179,932 shares.
A maximum of 38,654,702 shares can be repurchased per the terms of the program for 12 months starting December 6, 2023, and ending December 5, 2024, or an earlier date when the program is completed or terminated.
All shares repurchased by the company under the share buyback program will be cancelled.