The Board of Directors of OAO Volgogradenergosbyt (MICEX:VGSB) authorized a share repurchase program on January 11, 2013. Under the plan, the company will repurchase its own common and preferred shares from its minority shareholders at a price of RUB 2.7 per share. The company did not disclose the reason behind the buyback.

The program will run from January 26, 2013 to February 26, 2013.