BUZZ-Australia's Brookside Energy rises after announcing share buyback

Reuters

2025/07/07

BUZZ-Australia's <a href="https://laohu8.com/S/BRK.AU">Brookside Energy</a> rises after announcing share buyback

** Shares of Brookside Energy BRK.AX rise as much as 9% to A$0.425, logging their biggest intraday pct gain since November 8, 2024

** Stock hits highest since June 23

** Oil and gas projects developer announced its intention to buy back up to 4.8 million shares or 5% of its issued capital for A$0.40 per share

** Says total cost of buy back to be about A$1.9 mln ($1.24 mln)

** Buy back price represents a 2.6% premium to last close

** Stock down 3.5% YTD

($1 = 1.5333 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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