JSC Acron (“Acron”), a leading Russian and global mineral fertiliser producer, announces today that its Global Depositary Receipts (GDRs) have been successfully admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market. Unconditional dealings in Acron’s GDRs commenced at 8am today under the ticker AKRN.
In connection with the listing, Acron’s subsidiary Dorogobuzh is selling 30,000 Shares, including shares in the form of the GDRs, at a price of US$9.00 per GDR or US$90.00 per Share. Ten GDRs represent an interest in one Share.
Morgan Stanley and UniCredit are serving as Joint Bookrunners and advising in connection with the listing, and Alfa Capital Markets is acting as co-lead manager in connection with the offering.
Acron’s shares are traded on RTS and MICEX under the symbol AKRN.