Share and GDR Buyback

2016 Buyback Programme

On November 17, 2015, the Board approved new GDR buyback programme for up to 5,000,000 GDRs to a maximum total amount of US$15 million at a price of up to US$5.0 per GDR. The buyback programme will end as soon as the aggregate purchase price of GDRs acquired by the Company has reached the amount of US$15 million or ultimately, by November 17, 2016.

The Board and management consider return of capital to the shareholders in the form of share and GDR repurchase to be a good supplement to stable dividend payments. Moreover, they are confident the Company’s shareholder value will appreciate as more investors understand Nordgold’s operational track record and strong growth pipeline and the structure of the minority shareholder base improve.

We remain fully committed to being a public company and to the long-term aim of significantly increasing the Company’s freefloat.

The buyback programme is carried out in accordance with the conditions of the authorisation granted by the General Meeting of Shareholders of the Company to acquire shares and GDRs on January 30, 2015. It is intended to reduce the capital of the Company by cancelling the treasury shares/GDRs.

After the repurchase of GDRs under this buyback programme and following the withdrawal from the GDR programme in exchange for shares, the Company shall be authorised to cancel the shares.

2015 Buyback Programme

On February 24, 2015, the Board approved a share and GDR buyback programme for up to 19,000,000 shares/GDRs to a maximum total amount of US$30 million at a price of up to US$4 per share/GDR.

In 2015 Nordgold purchased a total of 10,282,212 GRDs for the total amount of US$29,295,901. 2015 buyback programme ended on December 31, 2015.

Press Releases

Title Date of Release
Cancellation of Treasury Shares and Decrease of Share Capital 08.04.2016
Deals on 15-24 February 2016 25.02.2016
Deals on 8-12 February 2016 15.02.2016
Deals on 1-5 February 2016 08.02.2016
Deals on 25-29 January 2016 01.02.2016
Deals on 18-22 January 2016 25.01.2016
Deals on 11-15 January 2016 18.01.2016
Deals on 21-31 December 2015 and 4-8 January 2016 11.01.2016
Deals on 14-18 December 2015 21.12.2015
Cancellation of Treasury Shares and Decrease of Share Capital 16.12.2015
Deals on 7-11 December 2015 14.12.2015
Deals on 30 November - 4 December 2015 7.12.2015
Deals on 23-27 November 2015 30.11.2015
Deals on 16-20 November 2015 23.11.2015
Deals on 9-13 November 2015 16.11.2015
Deals on 2-6 November 2015 9.11.2015
Cancellation of Treasury Shares and Decrease of Share Capital 2.11.2015
Deals on 26-30 October 2015 2.11.2015
Deals on 19-23 October 2015 26.10.2015
Deals on 9-16 October 2015 19.10.2015
Deals on 5-8 October 2015 and Total Voting Rights 8.10.2015
Cancellation of Treasury Shares and Decrease of Share Capital 7.10.2015
Deals on 28 September - 2 October 2015 5.10.2015
Deals on 21 - 25 September 2015 28.09.2015
Deals on 14 - 18 September 2015 21.09.2015
Deals on 7 - 11 September 2015 14.09.2015
Deals on 1 - 4 September 2015 7.09.2015
Cancellation of Treasury Shares and Deals on 24 - 28 August 2015 28.08.2015
Deals on 17 - 21 August 2015 24.08.2015
Deals on 10 - 14 August 2015 17.08.2015
Deals on 3 - 7 August 2015 10.08.2015
Deals on 27 - 31 July 2015 03.08.2015
Deals on 20 - 24 July 2015 27.07.2015
Cancellation of Treasury Shares and Decrease of Share Capital 24.07.2015
Deals on 13 - 17 July 2015 20.07.2015
Deals on 6 - 10 July 2015 13.07.2015
Deals on 29 June - 3 July 2015 06.07.2015
Deals on 22-26 June 2015 29.06.2015
Cancellation of Treasury Shares and Decrease of Share Capital 25.06.2015
Deals on 15-19 June 2015 15.06.2015
Deals on 8-12 June 2015 15.06.2015
Deals on 1-5 June 2015 and Total Voting Rights 08.06.2015
Deals on 26-29 May 2015 01.06.2015
Cancellation of Treasury Shares and Decrease of Share Capital 28.05.2015
Deals on 19-22 May 2015 26.05.2015
Deals on 18 May 2015 and Total Voting Rights 19.05.2015
Deals on 12-15 May 2015 18.05.2015
Deals on 5-11 May 2015 12.05.2015
Deals on 28 April - 1 May 2015 05.05.2015
Deals on 20-27 April 2015 28.04.2015
Cancellation of Treasury Shares and Decrease of Share Capital 22.04.2015
Deals on 15-17 April 2015 20.04.2015
Deals on 13-14 April 2015 15.04.2015
Deals on 6-10 April 2015 13.04.2015
Deals on 30 March - 3 April 2015 7.04.2015
Deals on 23-27 March 2015 30.03.2015
Deals on 16-20 March 2015 23.03.2015
Deals on 10-12 March 2015 16.03.2015
Deals on 6 and 9 March 2015 10.03.2015
Deals on 5 March 2015 06.03.2015
Deals on 4 March 2015 05.03.2015
Deals on 3 March 2015 04.03.2015
Deals on 2 March 2015 03.03.2015
Deals on 27 February 2015 02.02.2015

CONTACTS

Valentina Bogomolova

Head of IR
tel.+7 495 644 44 73 #707 6711

Olga Ulyeva


Head of Media Relations
tel.+7 495 644 44 73 #707 6632

ROMAN MEZHUEV

RECRUITMENT MANAGER
tel.+7 495 644 44 73

OLEG BAZALEEV

HEAD OF SUSTAINABLE DEVELOPMENT PROJECTS
tel.+7 495 644 4473 #707 6746