March 24, 2020 / 7:53 AM / 15 days ago

BRIEF-Russian homebuilder Etalon announces share buyback

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below