Novatek buys back 240,000 shares on market for possible $2.9 mln
MOSCOW. May 10 (Interfax) - Novatek has bought back 240,000 of its own shares on the open market within its buyback program, including in the form of global depositary receipts (GDRs) (1 GDR equals 10 shares), the gas producer said in a statement.
The shares were purchased on May 8.
Based on that day's share prices, the overall value of the deal may have been approximately $2.9 million.
Novatek's buyback program is scheduled through June 2019.