The board of directors of the M.video-Eldorado group approved an increase in the authorized capital through an additional issue of shares. This is what he said in a statement.
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The Group plans to issue 30 million ordinary shares through public subscription, which corresponds to 17% of the existing authorized capital. The placement will be carried out in two stages, the first will be the sale of shares on a preferential basis.
The entire volume of the additional issue is ready to be acquired by one of the retailer’s shareholders, the SFI investment holding company. The transaction should improve financial liquidity indicators and maintain flexibility in making operational, financial and investment decisions.
Now the authorized capital of PJSC M.video is 1,798 billion rubles, it is divided into 179,768 million shares with a par value of 10 rubles. Details of the agreement will be announced later.
- In December 2023, M.Video-Eldorado began rebranding and changed its logo. The letters became larger, only the letter “M” remained in italics and the font “video” was printed. The company did not disclose the cost of the update. Existing store signs will be updated as old ones wear out and new stores will open with a modified logo.
Author:
Karina Pardaeva
Source: RB
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