Tuesday, January 4, 2011

IPO of RTS Stock Exchange

RTS Stock Exchange  plans to conduct additional issue of ordinary shares in an amount of 47.9 million units under the IPO, which would increase the share capital by 29.9%. 

RTS plans to split shares, in which each security with the nominal value of 100 rubles will be converted into 100 ordinary shares with par value of 1 ruble. As a result, the number of authorized common shares will increase to 160 million units.
The authorized capital of RTS will be increased through the placement by public subscription of new ordinary shares in an amount of 47.999 million units. 


Shareholders of the RTS, the holders of ordinary shares will have a preferential right to purchase the additional shares in proportion to the number of their ordinary shares.

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