Nordgold spends $ 14.5 million under the buy back.
Edited by Rhod Mackenzie / 2015-06-08 05:43:16
Aleksey Mordashov’s Nordgold bought another 234.990 thousand global depositary receipts (GDR) from the market at an average price of $3.04 per sgare, totaling $712.962 , the company informs.
Transactions took place from June 1 to 5. As a result, the company has repurchased approximately 5.271 million GDR for a total of $14.461 million. Currently 376.524 million shares Nordgold were issued in circulation. More than 80% of the share capital is owned by Mordashov.
As reported, earlier this year the board of directors of Nordgold approved a program to repurchase shares (buy back) and GDR of the company with up to 19 million shares/GDR through private transactions or transactions on the London Stock Exchange.
