OREANDA-NEWS The Etalon Development Group (MKPAO Etalon Group) can place up to 400 million shares with a par value of 0.006 rubles each within the framework of the SPO, follows from the materials for the company's extraordinary shareholders' meeting.

The press service of Etalon explained that the stated number of shares - 400 million - is the maximum possible.

"The number of shares that will actually be placed under the SPO may be smaller and will depend on many factors, including placement parameters and market conditions," the company added.

Earlier, Etalon announced that it was acquiring a structure with land plots in Moscow and St. Petersburg from AFK Sistema. To pay for it, MKPAO Etalon Group plans to place additional ordinary shares by open subscription (SPO).