Dorogobuzh Announces Voluntary Share Buyback
The Board of Directors of Dorogobuzh (a member of Acron Group), pursuant to Clause 2, Article 72 of the Russian Federal Law On Joint Stock Companies, has announced a buyback for a total of not exceeding 87 million shares (9.94% of its authorised capital), including up to 27 million of ordinary shares and 60 million of preferred shares.
The purchase price per ordinary share shall be set at RUB 16.40, which is the weighted average price for the shares in Moscow Exchange transactions over the past 6 months increased by 22.7%.
The purchase price per preferred share shall be set at RUB 18.60, which is the weighted average price for the shares in Moscow Exchange transactions over the past 6 months increased by 12.8%.
The shares may be purchased from 2 December 2014 through 6 March 2015. Shareholder requests to purchase shares will be accepted from 2 December to 31 December 2014. The purchase of shares (executing share purchase agreements and registering the transfer of share title to the Company in its shareholder register) shall be effected between 2 February and 6 March 2015.
To take part in the share buyback, one should be a shareholder at the moment of filing a purchase request to the company.
The shareholder register closing date for notifying shareholders of their buyback right shall be 14 October 2014.
Detailed buyback terms and conditions will be available at www.dorogobuzh.ru starting on 31 October 2014.
The Board of Directors of Dorogobuzh (a member of Acron Group), pursuant to Clause 2, Article 72 of the Russian Federal Law On Joint Stock Companies, has announced a buyback for a total of not exceeding 87 million shares (9.94% of its authorised capital), including up to 27 million of ordinary shares and 60 million of preferred shares.
The purchase price per ordinary share shall be set at RUB 16.40, which is the weighted average price for the shares in Moscow Exchange transactions over the past 6 months increased by 22.7%.
The purchase price per preferred share shall be set at RUB 18.60, which is the weighted average price for the shares in Moscow Exchange transactions over the past 6 months increased by 12.8%.
The shares may be purchased from 2 December 2014 through 6 March 2015. Shareholder requests to purchase shares will be accepted from 2 December to 31 December 2014. The purchase of shares (executing share purchase agreements and registering the transfer of share title to the Company in its shareholder register) shall be effected between 2 February and 6 March 2015.
To take part in the share buyback, one should be a shareholder at the moment of filing a purchase request to the company.
The shareholder register closing date for notifying shareholders of their buyback right shall be 14 October 2014.
Detailed buyback terms and conditions will be available at www.dorogobuzh.ru starting on 31 October 2014.