Share buyback programme
OAO Severstal on September 16, 2008 announced the start of a share buy-back programme of up to US $400 million, the equivalent of 2.8% of its share capital based on the closing price of US$14.04 of the Company's London listed GDRs on September 15, 2008.
The Shares and GDRs will be repurchased on Severstal's behalf, and held by one of its subsidiaries.
The timing and extent of any repurchases, which are expected to take place over the course of the next 6 to 10 months, will depend on the on-going trading price of Severstal's shares and GDRs and prevailing equity market conditions.
| Date |
Quantity of purchased GDRs |
Average price |
Quantity of purchased shares |
Average price |
| 19.09.2008 |
156,040 |
$13.65 |
- |
- |
| 23.09.2008 |
226,707 |
$13.63 |
- |
- |
| 24.09.2008 |
169,909 |
$13.10 |
- |
- |
| 25.09.2008 |
196,250 |
$12.91 |
- |
- |
| 26.09.2008 |
142,902 |
$12.63 |
- |
- |
| 29.09.2008 |
259,259 |
$11.43 |
- |
- |
| 30.09.2008 |
210,091 |
$10.38 |
101,881 |
271.95 rub |
| 01.10.2008 |
220,396 |
$10.73 |
109,192 |
278.14 rub |
| 03.10.2008 |
219,806 |
$8.73 |
35,300 |
233.52 rub |
| 06.10.2008 |
222,312 |
$6.99 |
- |
- |
| 16.10.2008 |
229,292 |
$4.05 |
- |
- |
|
