3rd Sep 2009 09:57
Rosneft announces the results of the share buyback
On September 2, 2009 Rosneft announced the completion of its share buyback from the shareholders who had voted against or had not submitted their votes in respect of Resolutions 9 and 16 of the General Shareholder's Meeting held on June 19, 2009.
Pursuant to the results of General Shareholders' Meeting of Rosneft and the subsequent submission of shares for repurchase by the eligible shareholders, Rosneft acquired 87,923 of its ordinary shares and 760,031 of its GDRs (one GDR is equivalent to one ordinary share of Rosneft). The purchase price was RUB 157 per ordinary share as approved by Rosneft's Board of Directors on April 28, 2009, based on valuation performed by the international firm Deloitte.
As of September 2, 2009 Rosneft had 10,598,177,817 of issued ordinary shares, including 1,000,847,954 of treasury shares and 9,597,329,863 of outstanding shares.
Related Shares:
ROSN.L