Serica Energy completes £15m share buyback

24th Jun 2024 11:36

(Sharecast News) - Serica Energy announced the completion of its share buyback programme on Monday, which it initially launched on 24 April.

The AIM-traded firm said the programme ended with the purchase of ordinary shares on 21 June.

Throughout the buyback, Serica acquired a total of 8,437,478 shares for a total consideration of £15m.

The shares were bought at a volume-weighted average price of around 177.78p per share.

All transactions under the buyback programme were executed through the company's joint broker Peel Hunt.

Following completion of the buyback, Serica said it now had 393,468,408 ordinary shares in issue, with 3,010,773 shares held in treasury.

That brought the total number of ordinary shares carrying voting rights to 390,457,635.

At 1158 BST, shares in Serica Energy were up 0.98% at 153.8p.

Reporting by Josh White for Sharecast.com.