From July 1, 2023 through September 30, 2023, the Company repurchased 1,648,355 of its common shares in the open market at an average price of $47.74 per share under the 2023 Securities Repurchase Program. From October 1, 2023 through November 8, 2023, the Company repurchased 241,288 of its common shares in the open market at an average price of $49.88 per share under the 2023 Securities Repurchase Program. On November 9, 2023, the Company’s Board of Directors replenished the 2023 Securities Repurchase Program to purchase up to an aggregate of $250 million of the Company’s securities which, in addition to its common shares also consist of its Senior Unsecured Notes Due 2025. This program resets the program that was previously replenished on May 31, 2023. There is $250 million available under the 2023 Securities Repurchase Program as of November 9, 2023.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on STNG:
- Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2023, an Increase to its Quarterly Dividend, and Replenishment of its 2023 Securities Repurchase Program
- STNG Earnings this Week: How Will it Perform?
- Scorpio Tankers price target raised to $63 from $53 at BofA
- Scorpio Tankers management to meet virtually with B. Riley
- Scorpio Tankers price target raised to $88 from $80 at Pareto
