Uralkali Released Update on Buyback Programme
OREANDA-NEWS. Uralkali (LSE: URKA) announces that pursuant to Uralkali’s buyback programme announced on 13 November 2012, the following purchases of Uralkali’s shares and GDRs were made during the week from 25 through 29 March 2013:
423,700 shares at an average price of USD 7.42.
The purchased GDRs will be converted in ordinary shares of Uralkali.
Therefore, since the start of Uralkali’s buyback programme the securities at the total amount of approximately USD 59.4 million have been purchased.
Uralkali (www.uralkali.com) is one of the world’s largest potash producers with a market share of about 20%. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca. 12,500 people (in the main production unit). Uralkali’s shares and GDRs are traded on the RTS-MICEX and LSE, respectively.
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