On August 6, 2018 the Board of Directors of the Rosneft Oil Company approved the terms and the launch of the open market share buyback program including the global depositary receipts (representing ordinary shares) in the amount of up to $2 bn (the «Program»).
PROGRAM TERMS
The Program is implemented since the Board’s approval until December 31, 2023 inclusive. The maximum amount of shares and depositary receipts to be purchased under the Program will not exceed 340,000,000.
Share purchases and information disclosure on the transactions executed as part of the Program are carried out in full compliance with all applicable laws and regulations.
Shares and depositary receipts purchased under the Program will be held in treasury of the Rosneft Group. Upon the completion of the Program, the Board of the Company will make relevant decisions with regards to the purchased securities.
INFORMATION ON THE AMOUNT OF SHARES PURCHASED
Statistics on the amount of Rosneft shares and depositary receipts purchased on the Moscow Exchange and London Stock Exchange provided below.
| Year | Week | Number of shares/GDRs | Volume weighted average price, US$ | Volume, US$ mln |
|---|---|---|---|---|
| 2020 | March 23-27 |
6,826,237 | 3.76 | 25.7 |
| 2020 | March 30 – April 3 |
6,358,704 | 4.14 | 26.3 |
| 2020 | April 6-10 | 4,342,994 | 4.52 | 19.6 |
| 2020 | April 13-17 | 6,004,791 | 4.24 | 25.4 |
| 2020 | April 20–24 | 6,342,136 | 4.06 | 25.8 |
| 2020 | April 27 – May 1 | 908,480 | 4.42 | 4.0 |
| 2020 | May 4–8 | 1,453,945 | 4.51 | 6.6 |
| 2020 | May 11–15 | 1,666,286 | 4.72 | 7.9 |
| 2020 | May 18–22 | 1,037,435 | 5.06 | 5.3 |
| 2020 | May 25–29 | 463,009 | 5.24 | 2.4 |
| 2020 | June 1–5 | 137,904 | 5.48 | 0.8 |
| 2020 | June 8–12 | 178,250 | 5.46 | 1.0 |
| 2020 | June 15–19 | 1,001,053 | 5.29 | 5.3 |
| 2020 | June 22–26 | 596,686 | 5.31 | 3.2 |
| 2020 | June 29 – July 3 | 763,611 | 5.11 | 3.9 |
| 2020 | July 6–10 | 721,101 | 5.08 | 3.7 |
| 2020 | July 13–17 | 607,586 | 4.99 | 3.0 |
| 2020 | July 20–24 | 520,000 | 5.04 | 2.6 |
| 2020 | July 27-31 | 1,929,382 | 4.85 | 9.4 |
| 2020 | Aug 3–7 | 2,801,251 | 4.83 | 13.5 |
| 2020 | Aug 10–14 | 155,017 | 5.10 | 0.8 |
| 2020 | Aug 17–21 | 179,196 | 5.23 | 0.9 |
| 2020 | Aug 24–28 | 160,000 | 5.17 | 0.8 |
| 2020 | August 31 – September 4 | 2,342,319 | 4.89 | 11.4 |
| 2020 | Sept 7–11 | 4,747,097 | 4.86 | 23.1 |
| 2020 | Sept 14–18 | 104,000 | 5.05 | 0.5 |
| 2020 | Sept 21–25 | 5,545,446 | 4.88 | 27.1 |
| 2020 | Sept 28 – Oct 2 | 5,022,162 | 4.87 | 24.5 |
| 2020 | Oct 5–9 | 1,027,193 | 4.91 | 5.0 |
| 2020 | Oct 12–16 | 3,498,968 | 4.89 | 17.1 |
| 2020 | Oct 19–23 | 2,343,794 | 4.91 | 11.5 |
| 2020 | Oct 26–30 | 5,550,481 | 4.64 | 25.7 |
| 2020 | Nov 2–6 | 5,421,155 | 4.68 | 25.7 |
| 2020 | Nov 9–13 | 177,314 | 4.95 | 0.9 |
| 2020 | Nov 16–20 | 15,000 | 5.65 | 0.1 |
| 2020 | Nov 30 – Dec 4 | 13,000 | 5.83 | 0.1 |
| 2020 | Dec 7–11 | 5,000 | 5.85 | 0.03 |
| 2020 | Dec 21–25 | 8,000 | 5.73 | 0.05 |
| 2020/2021 | Dec 28 – Jan 1 | 13,000 | 5.86 | 0.1 |