Mosgorlombard will hold an initial public offering on the Moscow Stock Exchange in early December. The company is preparing to offer up to 322.6 million shares, according to the Mosgorlombard website.
Placement is scheduled for early December. Before the IPO, Mosgorlombard will carry out an additional share issue. As a result of the placement, the shareholding in MGKL (the parent company of Mosgorlombard) may increase to 36%.
Currently, 872.9 million MGKL shares with a nominal value of one kopeck each are in free circulation. There are also 27,430 preferred shares in free circulation, with a nominal value of 100 rubles.
Ordinary shares represent 76.09% of MGKL’s capital, preferred shares 23.91%.
The company intends to split the preferred shares from 1 to 100, as a result of which their par value will be the same.
According to the results of nine months of this year, Mosgorlombard increased its revenue by 4.1% compared to the same period last year. It amounted to 15 billion rubles. Net profit increased to 55.8 million rubles in nine months.
Earlier Friday, Sovcombank announced an initial public offering (IPO).
Author:
Natalia Gormaleva
Source: RB
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