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Panoro Energy ASA Initiates Share Buyback Program

Story Highlights
  • Panoro Energy ASA is a London-based exploration company with assets in Africa.
  • Panoro initiated a share buyback program, purchasing 85,000 shares to enhance shareholder value.
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Panoro Energy ASA Initiates Share Buyback Program

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Panoro Energy ASA ( (PESAF) ) has provided an update.

Panoro Energy ASA has initiated a share buyback program to repurchase up to NOK 100 million of its common shares on the Oslo Stock Exchange. During the period from June 16 to June 20, 2025, the company purchased 85,000 shares at an average price of NOK 25.8278 per share, totaling NOK 2,195,363. This move increases Panoro’s total buyback to 310,000 shares, representing 0.2733% of its share capital, and reflects the company’s strategy to enhance shareholder value.

More about Panoro Energy ASA

Panoro Energy ASA is an independent exploration and production company headquartered in London and listed on the Oslo Stock Exchange. The company focuses on production, exploration, and development assets in Africa, including interests in offshore Equatorial Guinea, Gabon, Tunisia, and South Africa.

Average Trading Volume: 473,345

Current Market Cap: NOK2.91B

See more insights into PESAF stock on TipRanks’ Stock Analysis page.

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