Novatek Director Buys $5.8 Million Worth of GDRs in Company

Date : 06/24/2019 @ 1:17PM
Source : Dow Jones News
Stock : Novatek Regs (NVTK)
Quote : 205.2  0.0 (0.00%) @ 4:35PM

Novatek Director Buys $5.8 Million Worth of GDRs in Company

Novatek Regs (LSE:NVTK)
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By Oliver Griffin

 

Novatek (NVTK.MZ) on Monday said that director Andrey Akimov has bought $5.8 million worth of the company's global depository receipts.

The Russian gas company said Mr. Akimov, who is the chairman of Gazprombank (GZPR.RS), bought 33,500 GDRs at a price of $173.09 per unit.

Each GDR of Novatek represents 10 shares in the company, according to the London Stock Exchange.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

June 24, 2019 08:02 ET (12:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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