TGC-5 to Issue New Shares to OOO "KES-Holding"
OREANDA-NEWS. The Board of Directors of OAO "TGC-5"* approved the sale of the company's new shares to OOO "KES-Holding", a strategic investor, and accepted the latter's subscription to 260,512,857,721 new ordinary shares, RUB0.01 each, which makes 21 percent of the company's capital after the placement.
Taking into account the exercise of its pre-emptive right, OOO "KES Holding" will acquire 325,735,446,707 additional shares, which makes 26.5 percent of the authorized capital of OAO "TGC-5".
OAO "TGC-5" will issue 329,734,150,582 ordinary shares, RUB0.01 par value each (36.62 percent of TGC-5 capital prior to the offering and 26.8 percent of TGC-5 capital after the offering).
The shares will be sold at 3.5283 kopeks per share, including for the persons entitled to the pre-emptive right to purchase such shares.
If the entire share issue is sold at the price set by the Board of Directors, the issue proceeds will amount to RUB11,634 million, or USD435 million.
Комментарии