Zhaukmunai is going to perform a buy back of its GDR for the sum up to $50 million
Edited by Rhod Mackenzie / 2013-04-22 09:53:09
Zhaukmunai, engaged with oil and gas production in North-Western Kazakhstan, is going to realize a program for the buying back of its GDR for a sum up to $50 million. The program is planned in connection with strong financial state of the company, concerning its considerable ability to generate financial flows. Besides from that, the company states that the current prices for GDR are a large discount versus their fair price. The program starts after publication of non-audited consolidated accounting of the company for Q1 2013.
