28 Apr 2012 16:35

VTB 24 completes settlements with VTB shareholders involved in buyback

MOSCOW. April 28 (Interfax) - The bank VTB 24 has finished settling up with shareholders who took part in the buyback of VTB shares, a VTB 24 statement says.

As of April 28, the funds had been transferred into the accounts of all buyback participants.

During the buyback, VTB 24 offices accepted 74,302 offers totaling 11.4 billion rubles.

There were 31,479 offers taken in Moscow and Moscow Region, 10,428 in North-West Federal District, 6,990 in Central Federal District (not counting Moscow and Moscow Region), 10,157 in Volga Federal District, 5,823 in Southern and Northern Caucasus Federal Districts, 3,966 in Siberian Federal District, 2,499 in Urals Federal District, and 1,960 in Far East Federal District.

Buyback offers were accepted by VTB from March 12 to April 13, inclusive. All settlements with shareholders - participants in the IPO - were planned to wrap up before April 30, and with their successors - before June 29. VTB Pension Administrator made the payouts.