Russia’s LUKOIL initiated an open market repurchase of the Company’s shares and the corresponding depositary receipts for an aggregate amount of up to $3 bln, corporate press release informs.
The program will last between October 1, 2019 and December 30, 2022. Purchases under the program will be made by LUKOIL Securities Limited, a 100% subsidiary of the company, on the regulated trading venues in compliance with all applicable laws and regulations. Purchases will be executed by qualified international brokers.