Public Joint Stock Company Pipe Metallurgical Company (LSE: TMKS; MOEX: TRMK), one of the world's largest producers of pipes for the oil and gas industry ( TMK or Company "), Informs that the TMK Board of Directors at a meeting on September 11, 2020 approved a new program for the acquisition of ordinary shares of the Company at a price of 61 rubles per ordinary share in the amount of up to 129 198 754 pcs. placed ordinary shares of the Company.
The program will be implemented by Joint Stock Company Volzhsky Pipe Plant (VTZ) by concluding transactions on the OTC market and on PJSC Moscow Exchange in the “Redemption: Address Orders” trading mode. Applications will be collected from September 15, 2020 to October 15, 2020 inclusive. In the "Buyback: Off-the-shelf orders" trading mode, orders are submitted daily from 10:00 to 15:00 Moscow time during the period for collecting orders.
A shareholder who wishes to submit an order for sale and is not a PJSC trading participant Moscow Exchange has the opportunity to submit orders as a client of a trading participant of PJSC Moscow Exchange.
A shareholder who does not have a brokerage account opened with a trading participant of PJSC Moscow Exchange will be able to conclude transactions for the sale of shares with VTZ. To do this, he must contact TMK using the contact information below.
VTB Capital, Gazprombank and Sberbank act as authorized agents of VTZ in relation to the acquisition of the Company's shares. Gazprombank (Joint Stock Company) acts as a broker for VTZ when concluding transactions on PJSC Moscow Exchange.
TMK's Board of Directors approved a new program for purchasing TMK shares