Motor Oil said its shareholders decided to terminate earlier than initially approved, the company’s share buy-back program. The program was originally scheduled to run from June 30, 2022 until May 24, 2024. The scheme involved the purchase of seven million shares at a price range of 8-23 euros. 

The refiner has purchased altogether 1,775,841 company shares at an average price of 19.278 euros per share.

Motor Oil has a total of 2,239,558 shares in its treasury stock portfolio corresponding to 2.02% of its share capital and voting rights at an average price of 17.593 euros per share.