Harbour Energy has today announced a share buyback programme of the Company's ordinary shares for up to a maximum aggregate consideration of $100 million.
The purpose of the programme is to reduce the Company's share capital and all ordinary shares purchased as part of this programme will be cancelled. The programme is expected to commence on 8 August 2025 and will end no later than 31 March 2026. Harbour has entered into an irrevocable, non-discretionary agreement with Merrill Lynch International to execute the programme on its behalf.
Any purchases of ordinary shares by the Company in relation to this announcement will be conducted in accordance with the relevant regulations (including but not limited to the Listing Rules) and Harbour's general authority to repurchase shares. Pursuant to the authority granted by shareholders at the Company's Annual General Meeting held on 8 May 2025, the maximum number of ordinary shares which may be purchased by the Company is 215,873,417.
Source: Harbour Energy
