OREANDA-NEWS. September 16, 2010. On September 8, Uralsvyazinform wrapped up the buyback of shares from shareholders that failed to vote at the annual general shareholders meeting or voted against the merger of the company with Rostelecom.

As reported earlier, the total number of shares bought back by the operator amounted to 715,189,119, which is equal to 1.78% of the company’s charter capital, including 214,854,899 common shares and 500,334,220 class A preferred shares.  The buyback price approved by the company’s board of directors is RUR 0.98 per one common share and RUR 0.98 per one class A preferred share.  All in all, RUR 700.9 mln was allocated to the share buyback, or 2.4% of the net asset value of Uralsvyazinform as of the date on which the decision on the merger was adopted.