NOVATEK extends share buyback program
Moscow. The Management Board of PAO NOVATEK approved the extension of the share buyback program until 7 June, 2019, keeping all the terms of the program unchanged.
On 7 June, 2012, the Company’s Board of Directors approved a one-year buyback program in respect of ordinary shares of NOVATEK and/or Global Depositary Receipts representing Shares (each GDR representing 10 Shares) in the aggregate amount of up to 600 million US dollars.
The terms of the program provide for its extension by a decision of the Management Board. On 5 May, 2017, the Company's Management Board approved the extension of the share buyback program until 7 June, 2018.