Softline will place 76 million shares to finance its mergers and acquisitions. The securities will be issued by open subscription with a price fixed on the date of placement at the latest. The strategy approved by the company involves the active consolidation of the IT market.
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Softline will issue an additional 76 million shares. The decision was approved by the company’s board of directors, according to the statement.
The placement of shares will be carried out at a price set no later than the date of issue. Against the background of the news, Softline shares on the Moscow Stock Exchange fell by 6.9% to 144.9 rubles per share.
The issue will be used to finance the company’s mergers and acquisitions. According to the strategy approved by Softline, the company plans to actively consolidate the Russian IT market.
On June 26, Softline acquired control of MD Audit, a developer of systems for managing operational processes in retail chains.
Earlier, the Softline venture fund announced investments of up to 1 billion rubles in promising educational technology projects.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
