Novatek purchased 324.5 thousand shares in the framework of buy back last week
Edited by Rhod Mackenzie / 2015-12-07 09:50:48
On November 30th-December 4th Novatek purchased 324.5 thousand company’s shares, including GDR, in the framework of the buy back.
Based on the MICEX listing, the company paid 191.3 mln roubles for this package.
In May 2015 the buy back of Novatek was extended for another year – until June 7th 2016. The company’s Board on June 7th 2013 approved the buy back of general shares and GDR (1 GRD equals to 10 shares) of Novatek for the total amount of up to $600 mln with the period of validity of one year. On May 27th 2014 the management decided to expend the program until June 7th 2015.
From the start of realization of the program, the company has purchased its shares for about 5 bln roubles
