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CTCM Buyback image

CTC Media, Inc. Buyback

OLI recorded this information on 5/21/2013

Company: CTC Media, Inc.
Buyback: CTCM buyback
Share Amount Authorized: 2,500,000
Buyback Details: CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has entered into a trading plan under Rule 10b5-1 of the U.S. Securities Exchange Act in respect of its previously announced open market stock repurchase program. The Board of Directors of CTC Media approved the repurchase program in March 2013, pursuant to which the Company will repurchase up to 2.5 million shares of Common Stock in the market for use under its 2013 Equity Incentive Plan.

CTC Media holds a 25% interest in CTC Investments LLC, a Russian company that directly and indirectly owns all of the operating businesses of the CTC group in Russia and Kazakhstan (CTC group). The CTC group operates four Russian television channels and one Kazakh channel, which consists of CTC, Domashny, Che, CTC Love and Channel 31. CTC group is engaged in the sale of television advertising. CTC group is also engaged in the sale and sublicensing of programming content. In addition, CTC International and other channels in the group are available through cable, digital and satellite providers in various countries outside Russia.
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CTCM — Key Stats (updated Mon., Jul. 19, 10:20 AM)
Company Name:  CTC Media Inc
Stock buyback:  CTCM buyback
Website:  www.ctcmedia.ru
Sector:  Television & Radio
 

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May 2, 2024  •  5:28 AM Eastern
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