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            january 20, 2020

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GLOBALTRUCK reports on the progress of the share buyback programme

  14.01.2020    

Public Joint Stock Company “GLOBALTRUCK MANAGEMENT”, one of the largest FTL-trucking companies in Russia and the leader in the Ural and Siberian markets, today reports on the progress of the share buyback programme.
From 2 December 2019 to 31 December 2019, LLC “Globaltruck Logistics” (100% subsidiary company of PJSC “Globaltruck”) acquired 197,670 common stocks of PJSC “GTM”, or 0.34% of “Globaltruck” autorised capital.
The share acquisition is carried out as part of the share buyback programme, valid from 11 November 2019 to 31 May 2021, or until the limit on the amount or volume of repurchase is reached. The shares acquired under the Programme are intended to be used for management incentive purposes, as well as for general corporate purposes.
The amount of the acquired shares is defined with due consideration of the dynamics of quotations, market price and shares liquidity, as well as market conditions during the validity period of the Programme.
The volume of buyback will not exceed 5% of the total amount of the PJSC “GTM” shares, and the price of acquisition will not exceed the offering price during IPO (132 RUB per share). Therefore, the aggregate maximum amount of the share buyback will not exceed 386 RUB mln.
Within the Programme, acquisition of shares is performed by LLC “Globaltruck Logistics” with the involvement of an authorized broker. Shares can be purchased both on Moscow Stock Exchange and on the OTC market, including private and derivative transactions.



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