MHP to buyback up to 10% of shares
21 October 2011
MHP (LSE: MHPC LI, N/R), the largest poultry producer in Ukraine, approved of a share buyback program at an EGM on Wednesday of up to 11,077,000 GDRs or 10.3% of shares outstanding, the company reported in a press release yesterday. The price range for the buyback is USD 1-18 per GDR. See our news item on September 21 when the EGM agenda was disclosed for our view.
