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Update on re-sale of unsecured bonds held in treasury and share buyback
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
buyback
Rhea-AI Summary
Golar LNG Limited (Golar) announces the re-sale of $30.5 million notional value of its senior unsecured bonds and an update on its share buyback program. The company has bought back 1,126,682 shares, reducing the total outstanding shares to 104,798,000. Golar maintains $130.6 million notional value of unsecured bonds in treasury, with $92.9 million remaining for further share repurchases.
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Golar LNG Limited (“Golar” or the “Company”) announces that it has recently re-sold $30.5 million notional value of its senior unsecured bonds maturing 20 October 2025 (ISIN NO0011123432) which were previously held in treasury. Following the sale, Golar maintains $130.6 million notional value of unsecured bonds in treasury.
The Company also provides an update on its previously announced share buyback program with total approved amount of up to $150.0 million. Since 30 September 2023, the company has bought back a total of 1,126,682 shares. Upon cancellation of these shares, the total number of outstanding shares will be reduced to 104,798,000. Of the $150.0 million approved share buyback scheme, $92.9 million remains available for further repurchases which will continue to be opportunistically pursued.
Golar LNG Limited Hamilton, Bermuda December 7, 2023
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
FAQ
What is the recent announcement from Golar LNG Limited?
Golar LNG Limited has announced the re-sale of $30.5 million notional value of its senior unsecured bonds and an update on its share buyback program.
How many shares has Golar LNG Limited bought back?
Golar LNG Limited has bought back a total of 1,126,682 shares.
What is the total number of outstanding shares after the share buyback?
Upon cancellation of the bought back shares, the total number of outstanding shares will be reduced to 104,798,000.
How much remains available for further share repurchases?
Of the $150.0 million approved share buyback scheme, $92.9 million remains available for further repurchases.
