Rosneft says board prolongs buyback program until 2022

MOSCOW, Dec 3 (PRIME) -- The board of directors of Russian oil company Rosneft has prolonged a buyback program for one year, until 2022, the company said in a statement on Thursday. 

The U.S. $2 billion buyback program to purchase up to 340 million shares was launched in March 2018, and was scheduled to last until 2021. UBS was appointed its independent agent. Rosneft's unit RN-Capital acquires the shares.

Since the launch of the program, the company bought back 80.758 million securities spending $369.5 million.

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