Novatek purchased shares for 151 mln roubles in buy-back on September 28 - October 2

​In the framework of the buy - back Novatek purchased 248.49 thousand general shares on September 28 – October 2, Novatek reports.

Based on the listing of the shares, the company paid 151.4 mln rubles for this package.

In May 2015 the buy-back program of Novatek was extended for another year until June 7, 2016. The Board of Novatek on June 7, 2012 approved the buy-back program of general shares and GDR of Novatek for the total amount of up to $600 mln with the validity of 1 year. On May 27, 2014 the company’s management decided to expend the period of the program’s realization until June 7, 2015.

Novatek Equity /Cyprus/ Limited, 100% of shares of which belong to Novatek OJSC, via a broker purchases GDR on the LSE and /or general shares on MICEX at the market price at the moment of purchase.

As of May 21, 2015 in the framework of the program 14,191,610 shares of Novatek (including in the form of GDR) were purchased. From the start of the program the shares for the total amount of about 5 bln roubles have been purchased.