MARKETS

Horizon launches share buy-back

ASIA-Pacific focussed Horizon Oil is returning surplus capital to shareholders in a share buy-back scheme with cash from the recent completion of its Papua New Guinea divestment.

Mark Tilly

Hails “significant milestone”

Horizon announced an on-market buy-back of up to a maximum of 100 million ordinary shares, representing approximately 8% of those on issue. It said the board considers that the current operating environment...

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