Vostok New Ventures depository receipt buy-back
February 14 2018 - 1:58AM
Vostok New Ventures depository receipt buy-back
Vostok New Ventures Ltd’s (“Vostok New Ventures”
or “the Company”) Board of Directors has resolved to mandate the
management of Vostok New Ventures to repurchase Swedish Depository
Receipts (SDRs) of the Company.
The renewed mandate is valid until December 31,
2018 and stipulates that SDRs can be bought back, subject to
compliance with covenants made under the terms and conditions of
the corporate bond 2017/2020.
Each share of Vostok New Ventures is represented
by one SDR.
The SDRs will be purchased, on one or several
occasions, on NASDAQ Stockholm at a price within the registered
share price interval on each occasion. SDRs will be bought back
when the management deems appropriate, observing blackout periods
before reports and all other applicable rules.
As of February 14, 2018, the Company currently
holds 1,105,952 repurchased SDRs and the total number of
outstanding SDRs of Vostok New Ventures, exluding repurchased SDRs,
is 84,582,357.
For further information please contact: Björn von Sivers, Head
of Investor Relations, Tel +46 8 545 015 50
Vostok New Ventures Ltd, formerly Vostok Nafta
Investment Ltd, is an investment company with the business concept
of using experience, expertise and a widespread network to identify
and invest in assets with considerable potential for value
appreciation. The company has a special focus on online
marketplaces and businesses with strong network effects. The
Swedish Depository Receipts (SDRs) of Vostok New Ventures are
listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV
SDB. For more information on Vostok New Ventures, visit
www.vostoknewventures.com.
This information is information that Vostok New
Ventures Ltd is required to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication,
through the agency of the contact person set out above, at 07.58
CET on February 14, 2018.
http://prlibrary-eu.nasdaq.com/Resource/Download/4b835295-51e1-460c-ac50-5f8ab57bfa7c
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