ISSN 2330-717X

Lukoil Begins Stock Buy-Back Program

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Russian oil company Lukoil announced Tuesday the start of an open market repurchase of the company’s shares and the corresponding depositary receipts for an aggregate amount of up to $3 billion.

The duration of the buy-back programs is from October 1, 2019 to December 30, 2022.

Purchases pursuant to the program will be made by Lukoil Securities Limited, a wholly owned 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, the company said.

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