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 3 through 7 June 2013:
10,985,750 shares at an average price of USD 7.22;
491,847 GDRs at an average price of USD 36.08.
Therefore, since the start of Uralkali’s buyback programme the securities at the total amount of approximately USD 657 million have been purchased.
Uralkali 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. 11,800 people (in the main production unit). Uralkali’s shares and GDRs are traded on the RTS-MICEX and LSE, respectively.
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