Surgutneftegas' board allows share sale at no less than mkt price

MOSCOW, Oct 6 (PRIME) -- The board of directors of Russian oil and gas producer Surgutneftegas has decided to sell the common and preferred shares owned by the company, or 0.0024% of capital, at a price no lower than the market one, the company said in a statement on Tuesday.

"The content of the decisions made by the board of directors of the issuer… to sell the common and preferred shares of Surgutneftegas owned by Surgutneftegas at a price no lower than the market one," the company said.

The common shares of Surgutneftegas closed at 35.98 rubles and preferred at 39.5 rubles on Monday on the Moscow Exchange.

The company withdrew the shares from the companies declared defunct last year and received 500,000 common shares more under a court decision in August 2020. The court stated that the shares had no owner. The number of own voting shares in Surgutneftegas amounts to 1.08 million.

(78.1281 rubles – U.S. $1)

End %%mk/jst%%