The provider of solutions and services in the field of digital transformation, Softline PJSC, announced the completion of acceptance of offers as part of an additional stage of the exchange of Noventiq GDR (global depository receipts) for its shares, the technology company said in a statement.
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The company announced additional deadlines on March 27; Softline invited bids to support the rights of Noventiq GDR holders who had not previously participated in the exchange.
At 11:01, Softline shares were trading on the Moscow Stock Exchange at 164.78 rubles. Thus, since the close of the main session, its value has increased by 0.54%.
In total, the company exchanged more than 624 thousand GDR Noventiq, which are registered in the National Settlement Depository. As a result of the exchange, investors received more than 208 thousand Softline shares in exchange for securities of the foreign issuer.
The company also reported that the additional offer allowed it to increase the share of the free float. According to the Moscow Stock Exchange, on March 27, when the company announced an additional exchange, the free float share was estimated at 5%. Currently this figure has not changed.
Softline made an additional offer on the terms of exchange of one share for three Noventiq GDRs. The cost of shares as part of the exchange was determined at 160 rubles, the cost of RDAs was 52.19 rubles.
Author:
Natalia Gormaleva
Source: RB
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