Integra brochure
(pdf - 1.6 mb)


October 27, 2010

GDR Buyback Program of up to US$ 25 million

Moscow, October 27, 2010. Integra Group (LSE: INTE), a leading FSU-based onshore oilfield services provider, announces that the Company’s Board of Directors has approved a GDR buyback program (the “Program”) which will start on 28 October 2010 and pursuant to which  the Company will repurchase its GDRs in an aggregate amount of up to US$ 25,000,000.  The Company plans to cancel each underlying share for each GDR purchased in the Program.

The Program will be implemented in accordance with industry best practices and in compliance with FSA rules and regulations.  To this end, the Company has engaged an independent broker for the Program and all purchases will be executed through the London Stock Exchange.  The repurchase criteria and duration of the Program will be established in accordance with the terms of a mandate between the Company and the broker.


About Integra

Integra Group is a leading FSU-based independent provider of onshore oilfield services and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies.
Established in March 2004, Integra Group has, through 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs more than 15 000 people.
Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE). 

Contacts

Andrey Machanskis 
Head of Investor Relations 
Tel. +7 495 933 0621
amachanskis@integra.ru

Sergey Beldinsky 
Head of Public Relations 
Tel. +7 495 933 0621
sbeldinsky@integra.ru

  
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Forward looking statements: Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Integra Group. You can identify forward-looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. Integra Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Integra Group’s projections or forward-looking statements, including, among others, general economic and market conditions, Integra Group’s competitive environment, risks associated with operating in Russia, rapid technological and market change, and other factors specifically related to Integra Group and its operations.