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Seatrium buys back 1.24 million shares
The company paid $1.5507 per share.
Seatrium Limited bought back 1.24 million of its shares on 18 June.
The group acquired the shares for $1.5507 apiece.
Seatrium previously initiated a $100 million share buyback programme to repurchase 2% of its total issued shares through open market transactions.
“Shares repurchased will be held as treasury shares, which will, in turn, be deployed for the group’s existing employee share plans, used to pay the share component of the directors’ fees, or cancelled against the group’s share capital to increase shareholder returns,” it earlier said.
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