Eurasia Journal News
  • SD UK

  • Rosneft’s Board of Directors Approved Resumption of Share Acquisition Program

    The Board of Directors of Rosneft resolved to resume the Program for open-market acquisition of Company’s shares and global depositary receipts certifying the rights to such shares (hereinafter, the Program), and to extend the Program deadlines until December 31, 2023. At the same time, the scope and other parameters of the Program remain unchanged.

    Acquiring shares on the open market is an indication of Company’s and its management’s confidence in further stable development of the Company.

    The Company will regularly publish information about the transactions made under the Program. Following the results of the Program, the Board of Directors will decide on the acquired securities.

    Source

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