Harbour is happy to announce the start of a share repurchase programme for the Company's ordinary shares for up to $200 million in total consideration. The Company continues to use a cautious and conservative approach to capital allocation, as stated at its Capital Markets Day in December 2021, balancing its three priority of safeguarding the balance sheet, ensuring a robust and diverse portfolio, and maximising shareholder returns.
Harbour has entered into irrevocable, non-discretionary agreements with its corporate brokers to execute the programme on its behalf. The purpose of the programme is to reduce the Company's share capital and all ordinary shares purchased as part of this programme will be cancelled. The programme will commence today, 16 June 2022, and will end no later than 31 December 2022.
Any purchases of ordinary shares by the Company in relation to this announcement will be conducted in accordance with the relevant regulations (including but not limited to the Listing Rules) and Harbour's general authority to repurchase shares.
