Rosneft appointed ubs as an independent agent to execute the share buyback program
Moscow. Russia – following the approval of the Rosneft open market share buyback program (the «Program») by the Board of Directors, Rosneft appointed UBS as an independent agent to conduct the open market share buyback on behalf of the Company.
The Program approved by the Board is aimed to deliver superior shareholder returns in case of substantial market volatility.
Appointing one of the leading global financial institutions as an agent will ensure high transparency standards of the Program and its strict compliance with the terms approved by the Board of Directors and applicable laws and regulations.
UBS is a global financial services firm headquartered in Zurich and Basel, Switzerland.
UBS is a market leader in stock trading, having been ranked #1 in Pan-European equity trading and execution over the past several years according to Extel.