MOSCOW, Aug 11 (Reuters) - A board member of Russian dairy and juice maker Wimm-Bill-Dann said on Tuesday it will continue its share buyback programme and ultimately buy back up to 5 percent of its shares if the market price is favourable.
In June, the company said that it had already bought back between 3.2 percent and 3.6 percent with the aim of supporting its share price.
On Tuesday, Wimm-Bill-Dann board member Maria Kagan said that the company does not have any borrowing plans. In June, the company said that the rates on loans available to it from state-controlled bank VTB were "unthinkable".
In the coming weeks, the company will launch a dairy plant in Georgia with a capacity of 80 tonnes per day, serving consumers in Georgia, Armenia and other parts of the Caucasus region, Kagan told reporters.
Wimm-Bill-Dann is Russia's largest dairy produce company and the number two juice maker.
At 1534 the company's New York-listed ADRs were off 1 percent at $61.74, well above the $30 level they sold for at the start of the year.
The MSCI Russia was off 4 percent at 607.51.

(Reporting by Maria Plis, writing by Simon Shuster) Keywords: WIMMBILLDANN BUYBACK/ (simon.shuster@reuters.com; +7 495 775 1242)

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