March 24 (Reuters) - Russian house builder Etalon Group PLC says:
* The company’s board of directors has proposed that an extraordinary shareholder meeting authorize the company to buy back global depositary receipts (GDRs) for general corporate purposes.
* The maximum number of GDRs that may be acquired and held by or on behalf of the company shall not exceed 10% of the subscribed capital of the company.
* The GDRs that are bought back can be held by the company for a period of no longer than two years. Further company coverage: (Reporting by Moscow Newsroom)