Argus extends buyback campaign
Updated: Jun 29, 2023 09:39 PM
Argus Group extends share repurchase programme (File photograph)
Argus Group Holdings Limited has announced an extension of its share repurchase programme, starting this summer.
The company said starting on July 1 it will extend share buybacks, and may purchase up to 150,000 shares over the next year at market prices on the Bermuda Stock Exchange.
Argus began a repurchasing campaign in 2021 when it sought to purchase up to 415,000 shares. Last year, the company also said it intended to buy back 150,000 shares.
In the financial year to March 31, the company reported that it had "deployed $3.2 million in share buybacks."
At the time of publication, Argus had a total of 21.56 million shares. The company’s shares last traded on Wednesday on the BSX at $6 per share.
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Published June 29, 2023 at 6:25 pm (Updated June 29, 2023 at 9:39 pm)
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