Entity acting on behalf of Globaltrans presents offer to buy back up to 15% of company's capital at $4.30 per GDR

MOSCOW. Nov 25 (Interfax) - The board of directors of Globaltrans Investment plc has voted to permit its Adaptive Capital Limited subsidiary to buy back the company's GDRs, whose rights are registered in the central depository of the Astana International Exchange (AIX), totaling no more than 26,747,738 GDRs, approximately 15% of the share capital, at $4.30 per receipt, the Russian rail haulage company said.

JSC SQIF Capital, acting on behalf of Globaltrans, has launched a voluntary exchange tender offer to buy back specific GDRs. The offer period begins on November 27 and ends on December 23, including settlement.