OREANDA-NEWS. May 28, 2013. CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, has entered into a trading plan under Rule 10b5-1 of the U.S. Securities Exchange Act in respect of its previously announced open market stock repurchase program.

The Board of Directors of CTC Media approved the repurchase program in March 2013, pursuant to which the Company will repurchase up to 2.5 million shares of Common Stock in the market for use under its 2013 Equity Incentive Plan.

Repurchases under the trading plan may be made through March 4, 2014. The Company intends to make all repurchases in compliance with applicable regulatory guidelines, including Rule 10b-18 under the Exchange Act.