Scorpio Tankers buys back $9m in shares

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.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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