18 Sep 2009 19:31

Sberbank could buy back at least 1% of stock from market for option program

MOSCOW. Sept 18 (Interfax) - Sberbank could buy back up at least 1% of its shares from the market for an option program, a source close to the bank's supervisory board told Interfax.

"The bank's management has proposed restricted stock as the main choice for the option program. It will be possible, for example, to receive dividends on the stock, but it will only be possible to sell them after a certain amount of time," the source said.