Date: 4 weeks ago   Category: IT & Media

"Subsidiary" of MegaFon will redeem 18,6% of stocks of the operator — Rambler News Service


Photo: RIA News/Evgeny Biyatov Subsidiary of MegaFon — MegaFon Investments Cyprus Limited (MICL) — within delisting will redeem 18,6% of total of the placed stocks of the operator, have reported in the press service of MegaFon. "The total of the Common stocks and the GDR offered to sale within the program of acquisition in total makes 18,6% of total of the placed common stocks of Megafon as of August 23, 2018. The MICL company has accepted to acquisition everything the Common stocks which are properly stated to sale and the GDR taking into account the procedure of payments established in the Memorandum of the Program of acquisition and related documents" — the press service has reported. The price of acquisition of common stocks was 659,26 rubles ($9,57) apiece. 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 (MICL). Delisting from the London exchange was planned to be carried out after the program of acquisition of the placed common stocks and the GDR of the company within which it was planned to acquire 20,8% of all issued and placed shares.

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