Date: 8 months ago   Category: IT & Media

MegaFon has submitted the application for delisting from the London Stock Exchange — Rambler News Service


MegaFon has submitted applications to management of Great Britain on listing and to the London Stock Exchange for cancellation of listing and admission to trading of his GDR, the press service of the company has reported. "MegaFon declares application in Management of Great Britain on listing and the London Stock Exchange ("LSE") on cancellation of listing and admission to trading of his Global Depository Receipts ("GDR")" — the company has reported. Also the company has reported that the Cyprian company Megafon Investments has finished the program of acquisition with payment in money no more than 128 950 036 placed common stocks of MegaFon. "Following the results of implementation of the program of acquisition the MICL company has acquired 57 023 684 common stocks and 58 293 820 GDR that in total makes about 18,6% of total of the placed common stocks of MegaFon" Earlier the board of directors of MegaFon has approved the decision on delisting of the GDR from the London Stock Exchange and has made the decision to approve the program of stock acquisition and the GDR of the company its affiliated structure of Megafon Investments Cyprus Limited (MICL). As it was reported earlier, the price of acquisition of common stocks was 659,26 rubles ($9,57) apiece. After that the chairman of the board of MegaFon Sergey Soldatenkov left the capital of the company. Before change of the size of a share in the company Soldatenkov owned 255 506 GDR that corresponds to 0,041% of stocks of MegaFon. After changes the share is reduced to zero. The cost of the equity stake of Soldatenkov is estimated at $2,5 million.

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