LUKoil head buys up company shares

Mon. September 22, 2008; Posted: 11:11 AM

Moscow, Sep 22, 2008 (RosBusinessConsulting via COMTEX) -- LUKOY | Quote | Chart | News | PowerRating -- President of LUKoil Vagit Alekperov has acquired 200,000 company shares for RUB 305,107,665 (approx. USD 11.697m), the oil company said in a statement today. The total amount was split into two tranches, with 100,000 shares purchased on September 15, and another 100,000 shares on September 16. The move increased Alekperov's total interest in the company from 20.58 percent to 20.6 percent. In addition, LUKoil press office revealed today that group companies were also buying up company shares on the market. As of today, they have bough back some 1.4m common shares, or 0.165 percent of the share capital. Earlier, LUKoil's managers passed a decision to buy back company shares to support the company in the face of a financial crisis.

For full details for LUKOY click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.