Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, has repurchased 101,870 shares as part of the buyback programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019.
The price of purchase transactions stood at AED 0.949 per share, the company said in a statement to the Abu Dhabi Securities Exchange (ADX).
The repurchased shares accounted for 0.0015% of the total subscribed shares, Dana Gas added.
Moreover, the transactions have been implemented via the Abu Dhabi-based brokerage Menacorp Financial Services, according to the statement.
The remaining unpurchased shares as per the SCA’s approval amount to 696.8 million shares, the company revealed.
On Monday, the ADX-listed company announced repurchasing 368,250 shares as part of the buy-back programme at a value of AED 0.949 per share.
Dana Gas previously posted a 150% year-on-year jump in its profits for the first quarter of 2019, recording $35 million, compared to $14 million.