Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, announced it has purchased 2.944 million shares on 23 September 2019 as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019.
The average purchase price of transactions stood at AED 0.944 per share, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The purchased shares represented for 0.04209% of the total subscribed shares, Dana Gas said.
The transactions have been implemented through the Abu Dhabi-based brokerage Menacorp, the ADX-listed company noted.
The number of the unpurchased shares as per the SCA’s approval reached 686.276 million shares, the company added.
It is worth noting that Dana Gas previously said it had bought 3.632 million shares on 22 September 2019 as part of the buy-back programme.
