Nordgold decreases its capital by 0.4%, redeemed 1.3 million GDR's
Edited by Rhod Mackenzie / 2015-10-07 01:56:18
Gold mining company Nordgold of Alexei Mordashov has redeemed 1.355 million treasury shares, represented by global depositary receipts (GDR), which were bought under the buyback program for the total amount of $30 million in the period from August 24 to September 29, the company reports.
As a result, the authorized capital of the company decreased by approximately 0.36% to 371.786 million shares, while the share of the main shareholder Alexei Mordashov increased to 90.39% from previous 90.06%. At the same time, the percentage of shares in free circulation decreased to 9.59% from 9.92%.
