The announced share buy-back by Refining New Zealand Ltd (NZX: NZR) as part of an employee share purchase scheme was detailed yesterday.
The company said it had acquired 122,169 shares at an acquisition price of $2.366 per share. These will be held by CRS Nominees Ltd pending a grant to employees.
The acquisition cost slightly more than $289,000.
As a result of the buy-back the number of ordinary shares in existence is 312,576,453.