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Origin launches major share buy-back

9th March 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed Origin Energy on Wednesday announced a A$250-million initial on-market share buy-back, starting in April 2022.

“Origin is in a strong financial position, with a robust outlook for the business and a capital structure comfortably within our target range. This means we are now in a position to increase shareholder distributions with a share buy-back of A$250-million,” Origin CEO Frank Calabria said.

“Going forward, we will continue to balance expected increased cash flow available for shareholder distributions with growth investments.

Origin recently completed the sale of a 10% interest in its Australia Pacific liquefied natural gas project to project partner ConocoPhillips.

Edited by Creamer Media Reporter

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