PJSC Softline announced the results of the secondary offering of shares on the Moscow Stock Exchange; the SPO moved to the lower limit of the price range – 140 rubles per share. This was reported by the press service of the IT company.
Last month, Softline announced that, as part of the SPO, it would offer up to 25 million shares of its subsidiary, Softline Projects LLC.
The price range of the SPO was determined to be between 140.00 and 149.84 rubles per share. Placement was along the bottom edge. The company managed to attract more than 6.5 thousand investors to the share capital structure.
As a result of the placement, requests from retail investors for 4 million shares were fulfilled. An institutional investor will buy at least another 20 million securities, reports Softline, but does not specify his name. Thus, the company will attract about 3.5 billion rubles.
The shares for placement on the Moscow Stock Exchange were loaned by the majority shareholder, Atalaya LLC. Softline’s authorized capital is made up of 280 million shares, but to carry out the SPO the company initiated an additional issue of 44 million shares. When completed, the debt to Atalaya LLC will be settled with its shares.
The company will allocate the funds received to projects that ensure accelerated growth in the value of the entire group.
Author:
Natalia Gormaleva
Source: RB
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