Belgium-based LNG shipping company Exmar has last week purchased 245,978 of its own shares at an average price of €9.71 per share.
Following the transaction, Exmar owns 2,858,797 of its own shares, which is 4.8 percent, the company said in a statement.
“The authorization to acquire shares was granted to the board of directors by decision of the extraordinary shareholders’ meeting held on 20th May 2014,” the statement added.
This is the second purchase this year for Exmar as the company in February bought 300,000 of its shares at an average price of €7.84 per share.
LNG World News Staff; Image: Exmar