Civeo Corp rises on share buyback plan

Civeo

31/08/2021 16:51

** Workforce accommodations provider's shares  CVEO.N  up
7.2% at $23 in early trading
    ** Board authorizes plan to buyback up to 5% of co's total
common shares outstanding, or about 715,000 common shares, over
the next twelve months  urn:newsml:reuters.com:*:nBw7JcbJwa
    ** Civeo intends to fund repurchases through cash on hand
and cash generated from operations
    ** Stock has more than doubled in value in the last 12
months

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))