Geo Energy: Further Share Buyback of 1.5 Million Shares on 6 October 2026
Geo Energy Resources Limited has undertaken a further share buyback, acquiring 1.5 million ordinary shares through market acquisitions on 6 October 2026, just one day after its record 6.0 million-share repurchase.
The shares were purchased at prices ranging from S$0.59 to S$0.60 per share, for a total consideration of approximately S$897,151, including transaction costs.
Following the latest transaction, Geo Energy has now repurchased a cumulative 13,337,500 shares under its current share buyback mandate, representing approximately 0.749% of the Company’s issued shares (excluding treasury shares) as at the date of the share buyback resolution. The latest 1.5 million shares will be held as treasury shares, bringing the Company’s total treasury shares to 12,173,867.
The latest purchase follows Geo Energy’s largest-ever single-day repurchase of 6.0 million shares on 5 October 2026and continues the share buyback programme that commenced in July 2026 as part of the Company’s long-term capital management strategy. Geo Energy has previously stated that it intends to undertake further buybacks particularly where it views its shares as undervalued, subject to debt covenants, capital requirements and applicable SGX listing rules.
Together with its consistent dividend payouts, the continued share buybacks reflect Geo Energy’s focus on disciplined capital allocation and delivering sustainable long-term value to shareholders as the Group executes its growth strategy.