OPEC and non-OPEC countries to develop cooperation outside Vienna agreementBusiness & Economy May 25, 19:44
Russia squared-off with Western media blitz to smear World Cup preparationsSport May 25, 19:35
NATO seeks to continue and expand dialogue with RussiaWorld May 25, 19:01
WADA offers pole vaulter Isinbayeva post of ambassador for clean sports in Russia — sourceSport May 25, 18:57
Lavrov keeps close eye on situation with jailed Russian pilot in USRussian Politics & Diplomacy May 25, 18:51
Belkomur rail project brings new opportunities to Russia’s Arctic regionsBusiness & Economy May 25, 18:46
Russia to build first helicopter carrier by 2022Military & Defense May 25, 17:41
OPEC extends agreement on oil production cutBusiness & Economy May 25, 17:16
Russia, China sign memorandum on cooperation in AntarcticaBusiness & Economy May 25, 17:15
MOSCOW, May 18. /TASS/. Uralkali will hold buyback of shares limited by 4% of its charter capital, the Russian potash producer said on Wednesday.
Company’s Board of Directors approved the buyback program for shares and global depositary receipts (GDRs) certifying rights to company shares on the open market.
"Shares and GDRs to be purchased within the buyback program framework will not be above 4% of company’s charter capital. The buyback program will last from May 19 to September 19, 2016 unless extended or terminated earlier by the company," Uralkali said.
Shares may be acquired at the Moscow Exchange and on the OTC market. GDRs will be bought within the framework of private transactions and option agreements. Uralkali intends to ultimately retire securities purchased within the buyback program.