Jadestone Energy (JSE)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 23.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 93.20
  • 52 Week Low: 22.00
  • Currency: UK Pounds
  • Shares Issued: 540.77m
  • Volume: 0
  • Market Cap: £128.43m
  • RiskGrade: 173

Jadestone Energy to buy back up to $25m of shares

By Josh White

Date: Tuesday 02 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Asia-Pacific-focussed oil and gas company Jadestone Energy launched a share buyback programme of up to $25m on Tuesday, as part of its strategy to return up to $100m to shareholders over 12 months.
The AIM-traded firm said its agreement with Stifel Nicolaus Europe would grant Stifel the authority to purchase shares, to a maximum amount of $25m and a total of 46,574,528 shares in line with the shareholder approval given at June's annual general meeting.

On 6 June, Jadestone announced its intention to return up to $100m of cash to shareholders over 12 months, based on its strong balance sheet and highly cash-generative asset base.

In conjunction with its ordinary dividend, the board said the buyback represented the next phase of the shareholder returns commitment, with the stated purpose being to reduce the share capital of Jadestone.

"Following on from last week's announced acquisition of an interest in the North West Shelf oil assets, we are very pleased to be able to launch this buyback programme now," said president and chief executive officer Paul Blakeley.

"This delivers on our commitment, originally announced in early June, to significantly increase returns to shareholders, as well as clearly demonstrating that significant merger and acquisition activity and enhanced returns are not mutually exclusive.

"We believe this is a differentiating factor in our investment case, and we look forward to growing our business further, while at the same time ensuring that shareholders benefit directly from the positive impact of higher oil prices on our cash flows."

At 1159 BST, shares in Jadestone Energy were up 5.44% at 102.28p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JSE Market Data

Currency UK Pounds
Share Price 23.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 93.20
52 Week Low 22.00
Volume 0
Shares Issued 540.77m
Market Cap £128.43m
RiskGrade 173

JSE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average
71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average
Value
39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average39.15% below the market average
71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average
Income
14.00% above the market average14.00% above the market average14.00% above the market average14.00% above the market average14.00% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Growth
24.17% above the market average24.17% above the market average24.17% above the market average24.17% above the market average24.17% above the market average
16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average

JSE Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Sep-22 16-Jun-22
Paid 14-Oct-22 05-Jul-22
Amount 0.65¢ 1.34¢

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

JSE Key Personnel

CFO Bert-Jaap Dijkstra
Chair Adel Chaouch

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