Hunter Group investors prove reluctant to part with shares in buy-back

Investors in VLCC company Hunter Group have largely held on to their shares after the company launched a big buy-back scheme.

After the 12 May offer closed on Tuesday, the Oslo-listed shipowner had reacquired 3.03m shares at an average of NOK 2.99 each, for a total outlay of NOK 9m ($1.1m).

The stock closed up 1.35% at NOK 3.15 on Tuesday.