PGS ASA is set to initiate a share buyback program which will occur from August 14 to August 18, covering settlement of performance based restricted stock units granted under the company’s Long Term Incentive Plan for employees.
The buy-back program, which will be for a maximum of 1.6 million PGS shares—or an aggregate amount of up to NOK 13 million—will be conducted in accordance with the authorization to purchase treasury shares given to the Board of Directors by the Company’s Annual General Meeting held in April 2023. The shares purchased under this program will be used in connection with the company’s Long Term Incentive Plan for employees.
The number of shares purchased per day shall not exceed 25% of the average daily trading volume for the 20 days preceding the day of the purchase. DNB Markets AS will carry out the share buyback program on behalf of PGS.
The shares will be bought back in accordance with the requirements in Commission Delegate Regulation (EU) No 2016/1052 of March 8, 2016 and Regulation (EU) No 697/2014.
Recommended Reading
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
2024-04-24 - Diversified Energy wants to educate on emission reduction successes while debunking junk science.
Qnergy Tackles Methane Venting Emissions
2024-03-13 - Pneumatic controllers, powered by natural gas, account for a large part of the oil and gas industry’s methane emissions. Compressed air can change that, experts say.
MethaneSAT: EDF’s Eye in the Sky Targets E&P Emissions
2024-03-07 - The Environmental Defense Fund and Harvard University recently launched MethaneSAT, a satellite tracking methane emissions. The project’s primary target: oil and gas operators.
Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost
2024-04-08 - Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.
Exclusive: Rebellion Energy Orphan Well Method Pinpoints the Particulars in Plugging
2024-03-01 - Rebellion Energy Solutions CEO Staci Taruscio dives into the company's methods when plugging for permanence in this Hart Energy LIVE Exclusive with Editorial Director Jordan Blum.