Carnarvon Energy (ASX:CVN) said that it plans to resume an on-market buyback of up to 10% of its ordinary shares starting around Feb. 20 and continuing for up to 12 months, according to a Friday filing with the Australian bourse.
The company will determine the timing, amount, and price of any buybacks based on market conditions, and there is no certainty that the full 10% of shares will be repurchased, per the filing.
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