Date: 6 months ago   Category: IT & Media

"Subsidiary" of MegaFon has got approval of FAS on repayment to 20,8% of stocks of the company — Rambler News Service


The affiliated structure of MegaFon, MegaFon Investments Cyprus Limited (MICL), has received the consent of FAS Russia to acquisition to 20,8% of stocks of the operator, it is said in the statement of the company. "MegaFon … reports that the Megafon Investments (Cyprus) Limited company … being absolute subsidiary of MegaFon, has received the consent of Federal Antimonopoly Service of August 13, 2018 on acquisition to 20.8% of voting shares of MegaFon, including common stocks, the rights for which are certified by global depository receipts (" the GDR") which in total with the common stocks which are available for the MICL company and its group of persons, including common stocks, the rights for which are certified by the GDR, will make up to 81,0378% of voting shares of MegaFon" — it is said in the statement. The company has noted that thus the corresponding condition of the program of acquisition of MICL of stocks of the operator has been satisfied. On July 16 MegaFon has reported that the board of directors of the company has approved the decision on delisting of the GDR from the London Stock Exchange and has approved the program of stock acquisition and the GDR of the company its affiliated structure of Megafon Investments Cyprus Limited. Within stock acquisition and the GDR the companies it is planned to acquire 20,8% of all issued and placed shares, delisting from the London Stock Exchange is planned to be carried out after end of the program of redemption of stocks.

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