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Integra brochure
(pdf - 1.6 mb)

July 04, 2011

Integra Group: Treasury shares cancellation notice

Integra Group (LSE: INTE), announces that 405,502 class A ordinary shares (8,110,040 in GDR equivalent) have been cancelled in accordance with the decision of the Board of Directors and terms of the buyback program. The amount of shares cancelled combines 363,002 class A ordinary shares (7,260,040 in GDR equivalent) purchased in a GDR buyback program between 28 October 2010 – 11 May 2011 and 42,500 class A ordinary shares (850,000 in GDR equivalent) received as part of the consideration for the sale of Stromneftemash. In total, cancelled shares represented 4.4% of previously outstanding ordinary Class A and B shares in issue.

The Company's issued share capital following the cancellation comprises 8,204,922 ordinary class A shares and 740,000 ordinary class B shares.

The cancellation of shares involved an unwinding of GDR’s into ordinary shares therefore increasing the headroom in the Company’s GDR block listing on the London Stock Exchange (LSE) to 54,077,340 GDR’s which can additionally be created and listed on LSE.

About Integra Group:

Integra Group is a leading FSU-based independent diversified oilfield services provider 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 almost 15,000 people.

Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).
For additional information please contact:

Integra Group  

Andrei Machanskis
Head of Investor Relations 
Tel. +7 495 933 0621

Konstantin Schwarzkopf
Vice President for Public Relations
Tel. +7 495 933 0621