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HomeMaritime NewsRegionsAmericasScorpio Tankers repurchases $17.9m of shares

Scorpio Tankers repurchases $17.9m of shares

Scorpio Tankers repurchases $17.9m of shares
Scorpio Tankers has purchased 1,716,155 of its shares on the open market so far in August, at an average price of $10.48 per share.

The company approved its $250m securities repurchase programme in May, but August's transactions are the most significant to date.

A total of 1,986,504 common shares have been bought at an average of $10.42 since the programme's start, as well as $1.5m face value of its 2019 convertible senior notes at an average price of $1,088.10 per $1,000.

The latest purchases leaves $227.6m in the company's share buyback programme.

TAGS: Tankers Finance & Insurance Scorpio Tankers

 

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