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AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM AND PROVIDES SHARE CAPITAL AND VOTING RIGHTS UPDATE
AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM AND PROVIDES SHARE CAPITAL AND VOTING RIGHT...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n\n\n\n AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM AND PROVIDES SHARE CAPITAL AND VOTING RIGHTS UPDATE\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 3, 2025\n \n\n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n\n\n – Africa Oil Corp.\n \n (\"Africa Oil\", or the \"Company\") is pleased to announce that the Company repurchased a total of 882,000 Africa Oil common shares during the period of\n \n February 24, 2025\n \n to\n \n February 28, 2025\n \n under the previously announced share buyback program.\n \n View PDF version\n \n\n\n During this period, the Company repurchased 332,000 Africa Oil common shares on the Toronto Stock Exchange (\"TSX\") and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased 550,000 Africa Oil common shares on Nasdaq Stockholm, and these repurchases were carried out by Pareto Securities on behalf of the Company.\n \n\n Africa Oil's normal course issuer bid (share buyback) program, announced by the Company on\n \n December 4, 2024\n \n , is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the TSX, Nasdaq Stockholm, and applicable Canadian and Swedish securities laws.\n \n\n All common shares repurchased by Africa Oil under the share buyback program will be cancelled.\n \n\n Since\n \n December 6, 2024\n \n , up to and including\n \n February 28, 2025\n \n , a total of 8,438,153 Africa Oil common shares were repurchased under the share repurchase program, through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems. A maximum of 18,362,364 Africa Oil common shares may be repurchased under the share buyback program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems over the period of twelve months comme...