PetroKazakhstan Inc. - Share Repurchases Through the Facilities of the NYSE.
PR Newswire Europe, April, 2005
CALGARY, Canada, April 25 /PRNewswire/ -- PetroKazakhstan Inc. announced today that it intends to make repurchases of its Class A common shares ("Common Shares") from time to time through the facilities of the New York Stock Exchange (the "NYSE"). PetroKazakhstan currently has a normal course issuer bid in place under the rules of the Toronto Stock Exchange (the "TSX") and the NYSE repurchases are intended to provide it with greater flexibility in conducting its open market repurchase program.
Under applicable Canadian securities laws, PetroKazakhstan will be permitted to make open market purchases of up to 3,729,792 Common Shares through the facilities of the NYSE, representing 5% of the total number of outstanding Common Shares, within a 12 month period....
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