PVD: Buying back shares

Petrovietnam Drilling and Well Services Joint Stock Company (HoSE: PVD) has announced the buying back its shares as follows:

* Stock symbol: PVD

* Number of shares registered to buy back: 1,000,000 shares

* Bought volume: 709,050 shares

* Purpose: stabilizing the market price

* Reason of incomplete transaction: Because of unexpected price movement

* Capital for buying back: Fund investment development

* Trading method: Order matching

* Trading period: From June 16, 2010 to September 16, 2010.

Registered to continue buying:

* Number of shares registered to buy back: 290,950 shares

* Purpose: Stabilizing the market price

* Capital for buying back: Fund investment development

* Trading method: Order matching or put through

* Expected trading period: September 30, 2010 to December 30, 2010.

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