Update on re-sale of unsecured bonds held in treasury and share buyback
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.
12/07/2023 - 09:37 AM
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
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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.
Golar LNG Limited has bought back a total of 1,126,682 shares.
Upon cancellation of the bought back 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.
GLNG Rankings
#3288 Ranked by Stock Gains
GLNG Stock Data
Industry
Support Activities for Oil and Gas Operations
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Transportation, Marine Shipping, Mining, Quarrying, and Oil and Gas Extraction, Support Activities for Oil and Gas Operations
Country
BM
City
Hamilton
About GLNG
we are one of the world’s largest independent owners and operators of marine-based lng midstream infrastructure – active in the liquefaction, transportation and regasification of natural gas. golar’s vision is to break the mould in lng. we aim to use our marine expertise and innovative floating lng assets to provide the most competitive lng solution to monetise natural gas reserves and deliver lng. golar’s flexible, low-cost, fast-track lng-based solutions are designed to thrive in a low commodity price environment. from well to grid – we’re building on our 40+ years’ lng midstream experience and progressing plans to grow our business further upstream via onelng, our floating liquefaction joint venture with schlumberger and downstream via golar power, our joint venture with stonepeak for the ownership and operation of floating storage and regasification units and power generation infrastructure. golar lng limited is listed on the nasdaq stock market. (nasdaq:glng) the golar fleet compr
