Lukoil may sell treasury shares in the market or give to its shareholders
The stake of treasury shares on the balance of Lukoil’s affiliate - Lukoil Investments Cyprus Ltd. – makes up 16.18%. The period of their purchase expired on September 7th 2015.
Lukoil considers an opportunity of selling its treasury shares in the market or giving them to its shareholders. The decision hasn’t been made as yet, President Alekperov said.
We have 2 variants: to sell the share on the stock exchange and attract funds for the realization of large-scale projects or distribute them among our shareholders… We haven’t decided as yet, he said.
He said that the company will always be able to attract good funds for these shares.
In June 2012 Lukoil started a program of purchase of its shares and booked $2.5 bln for that. The purchase of shares was held via Lukoil Investments Cyprus Ltd.
