Serica Energy (GB:SQZ) has released an update.
Serica Energy plc has announced the launch of a share buyback program with a maximum spend of £15 million, reflecting the board’s confidence in the company’s financial strength and long-term asset value. The program, which will see the repurchase of ordinary shares, aligns with Serica’s strategy of delivering shareholder returns through cash payouts and strategic investments. Share purchases will be executed within preset parameters and managed by Peel Hunt LLP, with the potential for repurchases to continue during closed periods or if the company possesses inside information.
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