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Carnarvon Energy Launches 10% On-Market Share Buy-Back Amid Dorado Delay
8:18am on Thursday 30th of January, 2025 AEDT
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Energy
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Carnarvon Energy Launches 10% On-Market Share Buy-Back Amid Dorado Delay
8:18am on Thursday 30th of January, 2025 AEDT
Key Points
On-market buy-back approved for up to 10% of issued capital
Buy-back to commence around 14 February 2025, lasting up to 12 months
Funded from existing cash reserves of A$187 million
Buy-back price capped at 5% above 5-day VWAP, no shareholder approval required
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Carnarvon Energy (ASX:CVN)
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