14 Mar 2022 16:56

Rosneft to resume buyback, extends it until end-2023

MOSCOW. March 14 (Interfax) - The board of directors at Rosneft has decided to renew the buyback program, extending it until December 31, 2023, the oil company said in a press release.

"The board of directors of Rosneft resolved to resume the program for open-market acquisition of company's shares and global depositary receipts certifying the rights to such shares, and to extend the program deadlines until December 31, 2023. At the same time, the scope and other parameters of the program remain unchanged," it said.

"Acquiring shares on the open market is an indication of company's and its management's confidence in further stable development of the company," it said.