From Apr. 14 to Apr. 17 NOVATEK bough back 1.269ths of own stocks including GDRs, the company informed.
In 2012 BOD approved the buyback program in the volume of $600mln at the account of Novatek Equity (Cyprus) Limited in which NOVATEK keeps 100% indirectly. The contract with the Sberbank-affiliated broker was signed.
In May 2013 the program was prolonged till June 7, 2014.
NOVATEK (TIN 6316031581) is ranked as the second producer of natural gas in Russia after Gazprom. The fields are located in Yamalo-Nenetsky reg. The stocks are under trading on LSE. It managed to increase the proved reserves (SEC) by 38.1% to 6.853bn barrels.
In 2013 net profit (RAS) rose 15% to 72.3bn rub.; revenues - 44% to 245.1bn rub. from 169.9bn rub.; profit from sales - 63.1bn rub. from 60.04bn rub.
The 2013 net profit (IAS) climbed up 14.8% to 79.8bn rub. from 69.5bn rub
"AK&M", 13:49, 28.04.2014 1251 AKM,COR