Monday, March 1, 2010

Organizers of Rusal IPO Ignored Their Option Right

Organizers of "Rusal" IPO did not exercised their right to the option realization. The option period expired on February 26, 2010. 

 According to the prospectus of the company, if that over-allotment option would have been fully implemented, the additional offer would amount to 1,5% of the enlarged share capital. 

 "Rusal" became the first company in Russia, which held IPO in Hong Kong and on Euronext in Paris. Bidding of shares and GDS of "Rusal" started on January 27, 2010.

Nat Lawyer

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