OJSC Magnet is going to implement the proposal of additional issue of ordinary shares of the company in the form of the GDR, where five of the GDR correspond to one ordinary share. In addition, a number of shareholders, Magnet - Labini Investments Limited, Lavreno Limited and Vladimir Gordeychuk - intend to offer some of its shares in the form of GDRs and ordinary shares, the official statement says Magneto.
offer the company and its shareholders, together constitute a global offer, in connection with which the magnet to release 11 154 918 new ordinary shares, which will be placed by public subscription.
estimated offering of securities will include the offer of ordinary shares in the form of GDRs to institutional investors outside Russia and the offer of ordinary shares, including in Russia.
Magnet has already sent to the Office of Financial Services of the United Kingdom application for admission package of additional GDRs to the official list of agencies. In the London Stock Exchange was also sent a statement of admission of such additional GDRs to trading on a regulated market of the London Stock Exchange for listing of securities held
The company plans to use funds received through the issuance of new shares, for the development of the format hypermarket, further expansion in the format shop at home, as well as to strengthen its own logistics base.
Magnet is planning to deploy an additional issue of GDRs on the London Stock Exchange
OJSC Magnet is going to implement the proposal of additional issue of ordinary shares of the company in the form of the GDR, where five of the GDR correspond to one ordinary share. In addition, a number of shareholders, Magnet - Labini Investments Limited, Lavreno Limited and Vladimir Gordeychuk - intend to offer some of its shares in the form of GDRs and ordinary shares, the official statement says Magneto.
offer the company and its shareholders, together constitute a global offer, in connection with which the magnet to release 11 154 918 new ordinary shares, which will be placed by public subscription.
estimated offering of securities will include the offer of ordinary shares in the form of GDRs to institutional investors outside Russia and the offer of ordinary shares, including in Russia.
Magnet has already sent to the Office of Financial Services of the United Kingdom application for admission package of additional GDRs to the official list of agencies. In the London Stock Exchange was also sent a statement of admission of such additional GDRs to trading on a regulated market of the London Stock Exchange for listing of securities held
The company plans to use funds received through the issuance of new shares, for the development of the format hypermarket, further expansion in the format shop at home, as well as to strengthen its own logistics base.
joint global coordinators and lead managers of the book of applications of the global supply of securities are Morgan Stanley and VTB Capital.
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