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Tuesday, 07 October, 2008, 19:50 GMT | more prices >>

Novatek nod for buyback



By Upstream staff 

Russian gas producer Novatek is set to buy back up to 3% of its ordinary outstanding shares as part of a share buyback programme.

The company said the shares would be bought in the form of global depositary receipts (GDRs).

Novatek said it planned to use the long-term buyback programme for possible future financing activities and for the implementation of a compensation and incentive programme.


Monday, 11 February, 2008, 09:56 GMT  | last updated: Monday, 11 February, 2008, 09:56 GMT

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