On June 10-14, Novatek bought back 300,720 shares
Edited by vadim / 2013-06-17 06:49:29
On June 10-14, Novatek bought back 300,720 shares, including GDR. Currently GDR, 10 shares of Novatek cost $114.9 at LSE and 326.25 rubles at MICEX. In the beginning of June, Novatek’s Board of Directors admitted the program of buying back of own shares and or GDR for a total sum of $600 million. Initially, they were going to complete the program within one year, but in the end of May the Board admitted the buy back for one year more, until June 7 2014, not changing the volume of funds allocated for buying back of the securities. The buyer is appointed Novatek Equity.
