|23 September, 2019

Dana Gas buys back 3.63mln shares

The repurchased shares accounted for 0.05193% of the total subscribed shares

A trader walks past the quotation board at the Abu Dhabi stock market July 11, 2006. Image used for illustrative purpose.

A trader walks past the quotation board at the Abu Dhabi stock market July 11, 2006. Image used for illustrative purpose.

REUTERS/Ravindranath
Abu Dhabi – Mubasher:Dana Gas, a leading gas company based in Sharjah, has repurchased 3.632 million shares on 22 September 2019 as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019.

The average price of purchase transactions stood at AED 0.948 per share, the company said in a filing to the Abu Dhabi Securities Exchange (ADX).

The repurchased shares accounted for 0.05193% of the total subscribed shares, Dana Gas noted.

The transactions have been executed through the UAE-based brokerage Shuaa Securities, according to the statement.

The number of the unpurchased shares as per the SCA’s approval is 689.220 million shares, the company added.

Source: Mubasher

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