UPDATE: Russia’s Polyus Gold to start buyback at 4,041 rbl/share
(Adds details in last two paragraphs)
MOSCOW, Mar 11 (PRIME) -- Russian gold producer Polyus Gold plans to announce a buyback with the price standing at 4,041 rubles per share and 2,021 rubles per American depositary receipt (ADR), the company said in a statement on Friday.
The company can purchase up to 33.14% of its shares and up to 33.14% of ADRs, the total buyback volume can reach 255.298 billion rubles.
Bids will be accepted each day from Friday till May 27 except April 4–12.
Polyus Gold shares closed at 4,044 rubles at the Moscow Exchange on Thursday.
(71.0928 rubles – U.S. $1)
End
11.03.2016 11:11