MTS says board approves 15 bln rbl share buyback program

MOSCOW, Mar 19 (PRIME) -- The board of directors of major Russian mobile operator MTS has approved a 15 billion ruble share repurchase program, the company said on Friday in a statement.

“At a meeting on March 18, the board approved the repurchase of MTS shares of common stock, including shares of common stock represented by ADSs, in the amount of up to 15 billion rubles through the end of calendar year 2021,” MTS said.

The company also said it will disclose additional details regarding the buyback program prior to its start.

(73.6582 rubles – U.S. $1)

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