These repurchases will be made in open market or privately negotiated transactions from time to time, subject to market conditions, applicable legal requirements and other factors.
This plan does not obligate Mechel to acquire any particular number of ADRs and the plan may be suspended at any time at the company’s discretion. The buyback will be done on behalf of Skyblock Limited, Mechel OAO’s 100-percent owned subsidiary.
“The Board of Directors has a diligent approach toward appraising capital structure and studying ways to efficiently use cash flows to increase the company's shareholder value. The buyback decision reflects the Board's confidence that the fundamental value of our company's shares is higher, and meets the interests of all of its shareholders”, Mechel OAO’s Chief Financial Officer Stanislav Ploschenko noted.
Основные этапы офисного переезда
Наведение чистоты с использованием iRobot