Ecora Resources Repurchases Another 350,000 Shares as Part of $10 Million Buyback

Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) announced that on 3 April 2024, it purchased 350,000 ordinary shares of 2p each in the Company (the “Shares”) on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback program announced on 27 March 2024. The shares acquired will be held in treasury.

Ecora has now completed 5% of the recently announced US$10 million stock buyback.

Date of Purchase April 3 2024
Aggregate number of ordinary shares purchased: 350,000
Lowest price paid per share (pence per share): 78.00
Highest price paid per share (pence per share): 78.40
Volume weighted average price paid per share (pence per share): 78.11

 

Following the purchase, the Company will have 261,732,553 ordinary shares of 2p each in issue, of which 4,774,152 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 256,958,401.

The above figure of 256,958,401 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Peel Hunt LLP as part of the Program.

Name of Issuer Identity code of the financial instrument Date Time Price (pence) Quantity bought Exchange Venue
Ecora Resources Plc GB0006449366 03/04/2024 08:45:26 78.00 250,000 LSE
Ecora Resources Plc GB0006449366 03/04/2024 10:03:34 78.40 100,000 LSE

Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing have appeared in publications for North American, European and Asian audiences.

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