Russia’s OTCPharm to offer shares on Moscow Exchange in May
MOSCOW, Mar 14 (PRIME) -- Russia’s OTCPharm, a spun off over-the-counter (OTC) business of major pharmaceutical maker Pharmstandard, will offer common shares on the Moscow Exchange in May, the unit said Friday in a statement.
OTCPharm intends to receive permission the central bank to issue global depository receipts (GDRs) in July–December.
According to earlier reports, OTCPharm’s capital will amount to 15.117 million rubles and be split into 151.17 million shares.
Pharmstandard shareholders will receive four common shares of OTCPharm for four one share of Pharmstandard.
(36.4566 rubles – U.S. $1)
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14.03.2014 17:12