Russian cybersecurity company Positive Technologies has announced the launch of its SPO. As part of the secondary placement of shares, it is planned to cover up to 4% of the company’s securities, that is, to bring the percentage of shares in free float to 14% and more.
The company’s press service told TASS that:
- large holders will place up to 2.64 million common shares of the company,
- price range per share – from 1200 to 1320 rubles (the final price will be established no later than September 28, 2022),
- the offer is available to both individual investors and institutional investors,
- the deadline for collecting applications is from September 19 to 27, both inclusive.
“You can apply for participation in the SPO through all major Russian brokers,” Positive Technologies said.
The desire to conduct an SPO is often associated with a major shareholder’s desire to withdraw from the company, but the company separately emphasized that not a single corporate bidder will fully or substantially withdraw from shareholders.
As a result of the secondary offering, the free float shareholding is expected to reach 14% or more.
An additional bonus for participation in the SPO will be the right to purchase additional shares.
“Each purchaser of shares over the next 12 months will be eligible to purchase one additional share at the SPO price for every four shares purchased under SPO. For this, an irrevocable offer will be announced to conclude operations for the sale of shares”, they said about the advantage of participating in Positive Technologies.
The company also emphasizes that today cybersecurity problems are very serious, and this market will only grow.
Positive Technologies’ own employees scanned more than 15,000 network nodes in the infrastructure of Russian government agencies, financial institutions, and telecommunications companies in January this year alone and identified more than 31,000 vulnerabilities.
Scandals with user data leaks in general have already become memes (“0 days without leaks”). Therefore, investing in cybersecurity companies seems to be profitable.
According to the annual report, Positive Technologies increased its revenue by 28% last year, net profit by 26.5%. At the same time, the company allocated half (about a billion rubles) to pay dividends to shareholders.
“Our shares are included in three indices of the Moscow Stock Exchange and in the first listing,” recalls the managing director of the company Maxim Pustovoi. “We are forming all the necessary prerequisites to enter the blue chip list and the main index of the Moscow Stock Exchange.”
Author:
Ekaterina Alipova
Source: RB
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