1 Oct 2012 09:28

Synergy spends 1 bln rubles on share buyback in H1

MOSCOW. Oct 1 (Interfax) - JSC Synergy, a major Russian vodka producer, bought back nearly 1 billion rubles worth of its shares from the market in the first half of 2012, company CEO and co-owner Alexander Mechetin said in a conference call on Friday.

He said Synergy bought back shares equivalent to about 7% of charter capital. These shares are now being held as treasury stock.

The company bought back 1.854 million shares for a total of 994.1 million rubles, Synergy's financial statement indicates.

The company's current market capitalization is 11.8 billion rubles. Synergy's share price on the Moscow Exchange rose 0.3% to 461.30 rubles on Friday evening (as of 6:40 p.m. Moscow time).