--- title: "REG - Harbour Energy PLC - Proposed Off-Market Purchase Alongside BASF Offer" type: "News" locale: "en" url: "https://longbridge.com/en/news/298623120.md" description: "Harbour Energy PLC announced on September 10, 2026, that it has agreed with BASF to conduct an off-market purchase of approximately $200 million worth of its ordinary shares. This transaction is contingent upon the completion of BASF's proposed accelerated bookbuild offering. The purchase price will match the offering price, and any amount exceeding $150 million will be deducted from Harbour Energy's existing $250 million share buyback program initiated in August 2026. The company intends to cancel the purchased shares." datetime: "2026-09-10T16:20:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298623120.md) - [en](https://longbridge.com/en/news/298623120.md) - [zh-HK](https://longbridge.com/zh-HK/news/298623120.md) generator: "portal-rs" --- # REG - Harbour Energy PLC - Proposed Off-Market Purchase Alongside BASF Offer RNS Number : 3197U Harbour Energy PLC 10 September 2026 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Harbour Energy plc (the "Company" or "Harbour Energy") Proposed off-market purchase alongside BASF offering 10 September 2026 Harbour Energy notes the announcement today by BASF Handels-und Exportgesellschaft mit beschränkter Haftung ("BASF") of its proposed offering of ordinary shares of 0.002 pence each in the Company to institutional investors by way of an accelerated bookbuild offering process (the "Proposed Offering"). The Company has agreed with BASF to make an off-market purchase of approximately $200 million worth of ordinary shares from BASF subject to the terms and conditions of the off-market buyback contract entered into by Harbour Energy and BASF in June 2026, including (a) the purchase price per ordinary share to be paid by Harbour Energy to BASF to be equal to the offering price per ordinary share in the Proposed Offering, and (b) completion of the Proposed Offering. Consideration for the off-market purchase above $150 million will be deducted from the ongoing $250 million share buyback announced on 6 August 2026. The Company intends to cancel the purchased ordinary shares. Further details will be provided following announcement by BASF of the results of the Proposed Offering. Enquiries Telephone +44 (0) 203 833 2421 Elizabeth Brooks, SVP Investor Relations Andy Norman, SVP Communications Rachel Benjamin, Company Secretary The information contained within this announcement is deemed by Harbour to constitute inside information for the purposes of the UK Market Abuse Regulation. By the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of Harbour is Howard Landes, General Counsel. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END MSCMZGMLVGLGVZM ### Related Stocks - [HBR.UK](https://longbridge.com/en/quote/HBR.UK.md) - [BASFY.US](https://longbridge.com/en/quote/BASFY.US.md) - [BAS.DE](https://longbridge.com/en/quote/BAS.DE.md) - [LSEG.UK](https://longbridge.com/en/quote/LSEG.UK.md) ## Related News & Research - [Evonik confirms unsolicited BASF approach for possible takeover offer](https://longbridge.com/en/news/300134996.md) - [Evonik, BASF in contact over potential deal, says source](https://longbridge.com/en/news/300131126.md) - [Evonik Industries Reportedly Rejects BASF's Acquisition Offer](https://longbridge.com/en/news/300323249.md) - [BASF to showcase BOOXit reusable transport box at Fakuma trade fair](https://longbridge.com/en/news/300001935.md) - [Chemicals Giant BASF Moves for Rival Evonik — Update](https://longbridge.com/en/news/300151013.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**