Tag Archives | share buyback

DNO Resumes Buybacks, Shares Rise

DNO International has announced on Monday the resumption of its share buyback program, originally announced on 10 August 2011. Between 18 August and 7 October, the Company acquired a total of 25,500,000 shares, which are currently held in treasury, pursuant to a shareholder approval to acquire up to 80,000,000 shares. "We believe that in current […]

DNO Announces Share Buyback

DNO International ASA's Board of Directors today announced a share buyback program following release of preliminary second quarter 2011 results. The timing and volume of the share purchases will depend on market conditions. "Given the ongoing sell-off and sharp declines in global securities, we have decided to invest available cash to capitalise on the undervaluation […]