MHP: transaction in own shares
2012-06-12 15:06:19
According to the recent announcement Myronivskiy Khliboproduct one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain, announces that is has purchased 1,170,000 Global depository receipts ("GDR") with one GDR representing an interest in one ordinary share at an average price per GDR of USD 11.13, through the share buy-back program. The number of repurchased GDRs constitutes approximately 1% of the Company's issued and outstanding shares.
AgroInvest comment: Such action is most likely aimed at company’s investors as well as investors overall to show that company’s owners are willing to increase their stake in the company, indicating its growth potential.
For more detail please refer to the UAIndex Daily (June 12 issue).
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