Date: 4 months ago   Category: Energy

Lukoil can finish the program of share repurchase of stocks in 2019 — Rambler News Service


Lukoil plans to accelerate implementation of the program of share repurchase of stocks (buyback) and can finish it in 2019, stated during the conference call of the company the first vice president of Lukoil Alexander Matytsyn. "We made the decision to accelerate buyback. Depending on dynamics of the prices of oil we can finish the buyback program for $3 billion next year" — he noted. At the end of August Lukoil reported about the beginning of the program of share repurchase of stocks of the company, including in the form of depository receipts, in the open market for total amount up to $3 billion. Within the program it is planned to redeem 44 million common stocks of the company, or 5.2% of its authorized capital. According to data of the company, since the beginning of implementation of the program on November 23 0.8% of authorized capital for the sum of $434 million were redeemed.

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