Scorpio Tankers Inc. has recently purchased 851,978 of its common shares in the open market at an average price of $46.74 per share as part of the Company’s securities repurchase program. The Company currently has 55,331,704 common shares outstanding.
On May 31, 2023, the Company’s Board of Directors replenished the 2023 Securities Repurchase Program to purchase up to an aggregate of $250 million of the Company’s securities which, in addition to its common shares also consist of its Senior Unsecured Notes Due 2025 (NYSE: SBBA).
This program resets the program that was previously replenished on May 1, 2023. There is $250 million available under the 2023 Securities Repurchase Program as of June 1, 2023.