Karoon Energy (ASX:KAR) has announced an on-market buy-back of its ordinary fully paid securities. The company plans to invest USD 25 million in this initiative, with the buy-back set to begin on 8th November 2024 and conclude by 30th June 2025. The exact price per share is yet to be determined, and the transaction will be conducted in Australian Dollars.
Karoon Energy Ltd has revealed plans for an on-market buy-back, aiming to spend USD 25 million on repurchasing its shares. The buy-back will start on 8th November 2024 and run until 30th June 2025, with transactions executed in Australian Dollars. No specific price per share has been set, allowing flexibility to adapt to market conditions. This strategic move may indicate the company's confidence in its financial health and commitment to boosting shareholder value.
The buy-back is part of our ongoing commitment to enhance shareholder value and demonstrates our confidence in the company's future prospects.