Share Repurchase Plan
Kenon has repurchased approximately 1.1 million shares for total consideration of approximately $28 million since the commencement of Kenon's $50 million share repurchase plan announced in March 2023. Kenon has approximately 53 million outstanding shares after giving effect to these repurchases.
Kenon's board has increased the authorized share repurchase plan to up to $60 million in total (including shares already purchased under the plan). Furthermore, Kenon has entered into an additional mandate for repurchases under the plan of up to $30 million through open market purchases on the TASE only, which will expire on March 31, 2025.
The share repurchase plan may be suspended or modified and may not be completed in full.