OREANDA-NEWS. November 28, 2012. The agricultural holding KSG Agro S.A. plans to buy back up to 500 thousands of own shares, representing 3,3 % of the Company’s capital. Shares will be purchased in the open market at a price not higher than 25 PLN and not lower than 1 PLN.

 The period within which the Company is authorized to implement the Buyback in one or more operations is set at eighteen months from the date of the Extraordinary General Meeting. The Shareholders will vote on the decision of buyback at the EGM held on 28th of December 2012.

 The purpose of the Buyback is to allow the Company to hold its own shares in treasury with the aim to either resell them to the market or to redeem them. Planned operation, according to the Ukrainian Company’s Board, will increase attractiveness of investments in shares of KSG Agro.

 "Shares of KSG Agro has been recently underestimated by the market. I know KSG Agro’s financial state and prospects pretty well, that is why I do think that our shares are a perfect investment. I have no doubt that the buyback will be profitable for our long-term shareholders" – said Sergiy Kasianov, the Head of the Board of Directors of KSG Agro S.A.