REG - Harbour Energy PLC - $100 million share buyback programme

Harbour EnergyAnnouncement

Yesterday 07:02

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RNS Number : 3190U  Harbour Energy PLC  07 August 2025

Harbour Energy plc

("Harbour" or the "Company")

$100 million share buyback programme

7 August 2025

 

Harbour has today announced a share buyback programme of the Company's
ordinary shares for up to a maximum aggregate consideration of $100 million.

 

The purpose of the programme is to reduce the Company's share capital and all
ordinary shares purchased as part of this programme will be cancelled.  The
programme is expected to commence on 8 August 2025 and will end no later than
31 March 2026. Harbour has entered into an irrevocable, non-discretionary
agreement with Merrill Lynch International to execute the programme on its
behalf.

 

Any purchases of ordinary shares by the Company in relation to this
announcement will be conducted in accordance with the relevant regulations
(including but not limited to the Listing Rules) and Harbour's general
authority to repurchase shares. Pursuant to the authority granted by
shareholders at the Company's Annual General Meeting held on 8 May 2025, the
maximum number of ordinary shares which may be purchased by the Company is
215,873,417.

 

Enquiries

Harbour Energy
plc

Elizabeth Brooks, SVP Investor Relations

Andy Norman, SVP Communications

Tel: +44 (0) 20 3833 2320

Email: CorporateExternalCommunications@harbourenergy.com
(mailto:CorporateExternalCommunications@harbourenergy.com)

 

About Harbour Energy
Since its creation in 2014, Harbour has grown to become one of the world's
largest and most geographically diverse independent oil and gas companies.

 

Today, Harbour is producing over 450,000 barrels of oil equivalent per day
with significant production in Norway, the UK, Germany, Argentina and North
Africa. Harbour benefits from competitive operating costs and resilient
margins, and a broad set of growth options including near-infrastructure
opportunities in Norway, unconventional scalable opportunities in Argentina
and conventional offshore projects in Mexico and Indonesia.

 

With low GHG emissions intensity and a leading CO(2) storage position in
Europe, Harbour remains committed to producing oil and gas safely and
responsibly to help meet the world's energy needs.

Harbour is headquartered in London with approximately 3,400 employees and
direct contract staff across its operations and offices.

 

 

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