Nordgold decreases its capital by 0.4%, redeemed 1.3 million GDR's

Gold mining company Nordgold of Alexei Mordashov has redeemed 1.355 million treasury shares, represented by global depositary receipts (GDR), which were bought under the buyback program for the total amount of $30 million in the period from August 24 to September 29, the company reports.

As a result, the authorized capital of the company decreased by approximately 0.36% to 371.786 million shares, while the share of the main shareholder Alexei Mordashov increased to 90.39% from previous 90.06%. At the same time, the percentage of shares in free circulation decreased to 9.59% from 9.92%.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer