TMK to hold SPO of 1.5% shares on Moscow Exchange Thu–Sep 28

MOSCOW, Sep 21 (PRIME) -- Russian oil and gas pipe maker TMK will hold a secondary public offering (SPO) of around 15 million shares, or 1.5% of the issued capital, at 205–235 rubles apiece on the Moscow Exchange, the company said in a statement on Thursday.

The bids will be collected from Thursday through September 28, but the offering can be finished early by the shareholder’s decision.

After the SPO, TMK plans to sell additional new shares to the main shareholder privately at the SPO’s prices.

(96.6172 rubles – U.S. $1)

End