President Vagit Alekperov and Vice-president Leonid Fedun of OAO
LUKOIL over the last two weeks made acquisitions in Company stock in the amount
of 140,000 shares and 31,875 shares at market price, which amounted to RUR 281
million and RUR 63.7 million, respectively.
As a result of the transactions, Vagit Alekperov’s stake in
LUKOIL share capital inclusive of beneficial ownership is 20.92%, while the
stake of Leonid Fedun is 9.5%.
“In my view the company is considerably undervalued. This is
exactly why I consider the stock purchase to be a profitable way of investment,"
President of OAO LUKOIL Vagit Alekperov said.