Americana buys back 1.13M shares

14/08/2024 Argaam
One of AmericanaRestaurants International PLCbranches

One of Americana Restaurants International PLC branches 

Americana Restaurants International PLC  repurchased 1.13 million shares under the share repurchase program approved by the Securities and Commodities Authority (SCA) in May. 

 

In a statement to the Abu Dhabi Securities Exchange (ADX) today, Aug. 14, the company indicated that the weighted average purchase price is AED 2.63 per share, noting that the buyback process was carried out through its broker, International Securities LLC.

 

The remaining shares to be repurchased amount to 22.62 million.

 

In May, Americana's shareholders gave the go-ahead for the repurchase of 25 million shares to be allocated for the employee incentive program, data available to Argaam showed.

 

On Aug. 12, the company announced the buyback of 1.25 million shares.

Americana Restaurants - Purchased 1.13 million shares

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