MTS buys back 0.0443% of stock under repurchase program

MOSCOW, Aug 3 (PRIME) -- Major Russian mobile operator MTS has bought back through its wholly-owned subsidiary, Bastion LLC, 884,510 own shares, including both common shares and American depositary receipts (ADRs), representing 0.0443% of its capital, MTS said on Friday in a statement.

Bastion LLC purchases MTS shares under a repurchase plan announced on July 2 and since then has acquired 3,946,500 shares, or 0.1975% of MTS’ capital.

MTS intends to buy back its stock for up to 30 billion rubles starting from July 2 during two years.

(63.1358 rubles – U.S. $1)

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