Buyback is a process when a company buys back its shares directly from shareholders or on a stock exchange.
In 2018, PJSC Lukoil announced that it plans to buy back its own shares for up to $3 billion over 5 years, from September 2018 to the end of December 2022. The shares repurchased from the market are planned to be kept on the balance sheet of the subsidiary LUKOIL Securities Limited.
A company may decide to buy back when it accumulates free funds that are not used in investments for the development of the company. In addition, the buyback helps to increase the actual share of the largest shareholders.
According to Ranks methodology, this indicator is analyzed in the Value block and used along with other indicators to calculate the score. The indicator is presented as a % of repurchased shares.
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