Eurasia Drilling Company Continues GDR Repurchase Program
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on July 8, 2014 a subsidiary of the Company purchased 85,000 of the Company’s Global Depositary Receipts at the price of USD 31.53 per GDR. One GDR represents one ordinary share in EDC. The number of repurchased GDRs constitutes approximately 0.06% of the Company’s issued and outstanding shares.
The GDRs were repurchased under the Company’s Share Repurchase Program previously announced on February 20, 2014. In total 1,784,773 GDRs were repurchased since the start of the Program, which constitutes approximately 1.23% of the Company’s issued and outstanding shares.
