Today ROS AGRОPLC (LSE: AGRO) has announced the authorization of the Board of Directors to buy back the GDRs of the company in the public market.
 
The meeting of the Board took place in Cyprus on 25 august 2011. Board of Directors granted its authorization to conduct the buy back to the management of Rusagro Group of Companies.
 
Rusagro Group of Companies’ management believes the current movements in its stock price are unrepresentative of its fundamental performance and unwarranted notwithstanding recent market performance and is therefore undertaking action to defend the value of the stock.
 
At present the management has an ability to buy the GDRs from the market in the amount of up to USD10 mln.

Prepared by:
Sergey Tribunsky
Tel.: +7 495 363 1661
e-mail: ir@rusagrogroup.ru