Hunting Plc (HTG.L) Tuesday announced the launch of a second share buyback programme for its ordinary shares of 25 pence each, with a maximum total value of up to $40 million. This follows the completion of its previous buyback programme, as indicated on March 5.
According to the British energy services provider, the new programme is expected to run until March 2028 and aims to reduce the company's share capital. All shares repurchased under this programme will be cancelled.
Under the current shareholder authority, Hunting can purchase up to 24.72 million ordinary shares. Of this, 11.47 million shares have already been acquired through the previous buyback programme.
Hunting said that the earlier buyback programme, launched in August 2025 and expanded in December 2025, has now concluded, with a total of $60 million worth of shares repurchased and cancelled.
On the LSE, HTG.L is down 0.52 percent on Tuesday's trading at 478.50 pence.
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