Constellation shareholders approve share buyback programme
Constellation Oil Services Holding S.A. has received shareholder approval for a share buyback programme following a reconvened Extraordinary General Meeting held in Luxembourg on November 12, 2026.
The offshore drilling services company confirmed that shareholders approved the sole resolution on the meeting’s agenda, authorising its Board of Directors to repurchase shares for a maximum aggregate amount of $35 million. The resolution received 56,558,254 votes in favour, representing 98.34% of the votes cast.
Under the approved programme, the Board is also authorised to cancel any repurchased shares through a reduction of the company’s share capital and formally record the corresponding amendment to its articles of association before a Luxembourg notary.
The approval follows the company’s earlier Extraordinary General Meeting on October 15, when the required attendance quorum was not reached. The meeting was subsequently reconvened for November 12 to allow shareholders to vote on the proposed programme.
The shareholder decision establishes the authorisation for Constellation to proceed with repurchases under the conditions specified in the meeting resolution. However, the company has not announced any completed share purchases, an execution timetable or the amount it intends to deploy.
Constellation Oil Services Holding provides offshore oil and gas contract drilling services through its subsidiary Serviços de Petróleo Constellation S.A. The group has operated in the offshore drilling sector since 1981.
