PGOK To Buyback Shares From Previous Additional Share Issue

Poltava Iron Ore (PGOK: HOLD) has scheduled an EGM for December 29. The company’s share holders plan to buyback 5.4 mln shares from a previous additional share issue bringing the company’s total number of shares to 110 mln. Subscription will be conducted in two stages, on March 1-15 and on March 16-23. The company has not yet announced the new buyback price.