print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Pharmstandard press releases

Pharmstandard

July 12, 2013

Update on Pharmstandard buy-back program

Moscow, July 12, 2013 — Pharmstandard OJSC (LSE: PHST LI, MICEX-RTS: PHST RU) («Pharmstandard» or/and the «Company») announces that pursuant to the Company’s buyback program, announced on February 15, 2013 (further the «Program»), 11,307,375 GDRs and 140,000 ordinary shares were purchased on the open market as of July 11, 2013.All purchases of GDRs were made by an independent broker Citigroup Global Markets Limited for the account of Pharmstandard-Leksredstva OJSC, an indirect wholly owned subsidiary of the Company.

Therefore, since the start of Pharmstandard’s buyback program the securities at the total amount of approximately RUR 6.1 billion have been purchased.

The Program was approved in respect of ordinary shares of Pharmstandard OJSC and/or Global Depositary Receipts representing Shares (each Share representing 4 GDRs) in the aggregate amount of up to RUR8 billion. Duration of program: December 31, 2013.

New shareholder structure is as follows:

Augment Investments Limited – 54.31% (ordinary shares and GDRs)

LSE – 20.09% (GDRs)

RTS/MICEX – 9.31% (ordinary shares)

Pharmstandard-Leksredstva OJSC – 16.29% (ordinary shares and GDRs)

Regards,
Irina Bakhturina
Investor Relations
Pharmstandard OJSC
Tel. (495) 970-0030 ext.2824
Fax (495) 970-0032
www.pharmstd.ru

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer