Golar LNG said that its Board of Directors has authorized a new share repurchase program under which the company may repurchase up to 5% of Golar’s outstanding stock over the next two years.
The authorization of this stock repurchase program underscores the Board’s confidence in Golar’s strategy to become a leading integrated midstream LNG player based on floating infrastructure, the company said in a statement.
The company intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws.
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Press Release; Image: Golar LNG