ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

Integra completes GDR Buyback Program of US$ 25 million

Friday, May 13th, 2011

Integra Group, a leading FSU-based diversified oilfield services provider, announces the completion of a GDR buyback program launched on 28 October 2010 (the “Program”). As part of the program, the Company has purchased a total of 7,260,054 GDR’s for US$ 25 million at an average price of US$3.44/GDR. The amount of GDRs bought back represents 3.9% of currently outstanding underlying ordinary Class A and B shares in issue and will be cancelled in accordance with the terms of the Program approved by the Board of Directors.

The Program was implemented in accordance with industry best practices and in compliance with FSA rules and regulations. All GDR purchases were executed through the London Stock Exchange via an independent broker.

Source www.integra.ru

Be Sociable, Share!

Tags:

Leave a Reply

You must be logged in to post a comment.





SPONSORED ADVERTS





















rogtec
Tel: +350 2162 4000    Fax:+350 2162 4001
ROGTEC Magazine © 2009/2014 - All rights Reserved | Legal Disclaimer
Website design and development by Saul Haslam and Tictac Studio - SEO by Solar Internet Specialists in SEO Spain
ROGTEC Magazine in LinkedIn ROGTEC Magazine Feed
ROGTEC Magazine in englishROGTEC Magazine in russian