EuropeFinance and InsuranceTankers
Scorpio Tankers buys back $9m in shares
Scorpio Tankers has spent just over $9m since August 24 as part of its plan to spend up to $250m repurchasing its shares.
Over the past month, the company has purchased 994,201 of its common shares in the open market at an average price of $9.13 per unit.
Since the company announced the buy-back scheme in May, the NYSE-listed company has repurchased a total of 2,980,705 shares, which will be held as treasury shares.
Scorpio Tankers still has $200.9m remaining under its Securities Repurchase Program and 182.59m shares outstanding as of today.