The developer of the Russian Astra Linux operating system, Astra Group, has launched an SPO program that, if implemented, the share of free float will increase by 5% to 10% and reach 15%. The developer announced this on its official website.
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Last fall, Astra held an initial public offering on the Moscow Stock Exchange. On the first day of trading, the company’s shares showed an increase of 40%.
As can be seen from the company’s statement, the offer for the SPO will be made by the group’s main shareholder, Denis Frolov, who will offer to buy part of the securities it owns.
“The increase in free float is in line with our intentions to expand our shareholder base and be on the radar of new investor groups. This, in our opinion, will contribute to further growth in the capitalization of a dynamically developing business,” said Ilya Sivtsev, CEO of the group.
In his words, since the IPO the company’s capitalization has almost doubled. At the same time, the number of shareholders exceeds 112 thousand.
As part of the secondary placement, Denis Frolov is expected to offer a package of between 10.5 and 21 million shares, which corresponds to 5-10% of the company’s shares.
The price of shares will be determined based on the results of the formation of the order book, but the price will not exceed 620 rubles per share. The collection of applications will take place from April 15 to 18, and may be completed earlier than expected.
Author:
Natalia Gormaleva
Source: RB
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