Project Group №2 →
Corporate law and governance, financial transaction taxes
Project Group №1
Financial infrastructure and financial market regulation
- Task
- Personalia
- Documents (3)
- In media (388)
FFMS Registers Moscow Exchange RUB 200mn Bonus Issue
30.10.2012 20:47 / Interfax
According to the bonus issue declaration, the bonus issue is a private offering of bonus issue of 200mn ordinary shares par value 1 rouble.
It has been reported earlier that the increase in the exchange charter capital is part of the 29 June 2011 MICEX-RTS integration agreement.
In August, Moscow Exchange President Ruben Aganbegyan said that IPO volume is the only indicator. "It is set in the RTS-MICEX integration shareholder agreement: the minimum IPO volume is RUB 9bn. This volume determines the bonus issue amount of 200mn", he said.
He says that the exchange plans to float the bonus issue as a private offering and register the report in time for the exchange shares to become tradeable by the time of the IPO.
A source said that the offering price is likely to be set by the Board of Directors in January 2013, and the bonus issue will take place in February.