Abu Dhabi –  Dana Gas, a leading gas company based in Sharjah, announced it has repurchased 1.5 million shares on 16 October 2019.

This comes as part of the company’s buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019, according to a filing to the Abu Dhabi Securities Exchange (ADX).

The transactions have been executed through the Egypt-based investment bank EFG Hermes, Dana Gas said.

The average price of each purchase transaction stood at AED 0.93982, the company highlighted.

The purchased shares accounted for 0.02144% of the total subscribed shares, the ADX-listed company added.

The number of the unpurchased shares as per the SCA’s approval stood at around 679.733 million shares, Dana Gas noted.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.