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ADX-listed Americana buys back 1.25 million shares in August

Americana, trading under the code AMR, purchased 1,250,000 shares on August 12, 2024

by Staff Writer
Americana Restaurants shares buyback
The initial buyback transaction involved the purchase of 1.25 million shares at a price of AED 2.685 per share

Americana Restaurants International, listed on the Abu Dhabi Securities Exchange (ADX), has begun its share buyback programme.

The company, trading under the code AMR, purchased 1,250,000 shares on August 12, 2024.

The buyback was executed at a weighted average price of AED2.685 per share through International Securities LLC, the designated broker for the transaction.

Americana Restaurants initiates share buyback programme

This move follows approvals from both the ADX and the company’s shareholders.

The ADX granted approval on May 9, 2024, while shareholders gave their consent during the Annual General Meeting held on April 24, 2024.

Confirmed that the company intends to purchase an additional 23,750,000 shares as part of this programme.

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