Sponsored By

Scorpio Tankers repurchases $17.9m of sharesScorpio 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.

Seatrade Maritime

August 12, 2015

1 Min Read
Kalyakan - stock.adobe.com

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.

Read more about:

Scorpio Tankers

About the Author

Seatrade Maritime

Our news reporters and editors draw on over 40 years experience of covering the maritime and shipping industries and bringing you the latest news and insights.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like