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AK Alrosa OAO Announces Pricing of Its Offering


Sunday, 27 Oct 2013 10:00pm EDT 

AK Alrosa OAO (ALROSA) announced the pricing of the offering (the Offering) of its existing shares. The Offering is in the form of ordinary shares (the Shares) that are admitted to trading on the A1 quotation list of CJSC MICEX Stock Exchange (MICEX SE), under the ticker symbol ALRS. The offer price has been set at RUB 35 per Share. The Offering comprises 1,181,332,741 Shares, or RUB 41.3 billion, assuming no exercise of the repurchase option (as described below). The offer price implies a market capitalisation for ALROSA of RUB 257.7 billion. The Offering comprises the sale of existing Shares by the following shareholders: 515,547,593 Shares, representing approximately 7% of the Company's share capital, will be sold by the Russian Federation under a framework established by decrees of the Russian Government dated March 30, 2013 and October 26, 2013; 515,547,593 Shares, representing approximately 7% of the Company's share capital, will be sold by OJSC RIC Plus, wholly-owned by the Republic of Sakha (Yakutia); 150,237,555 Shares, representing approximately 2% of the Company's share capital, will be sold by Wargan Holdings Limited, a company controlled by ALROSA. 

Company Quote

8.26
-0.24 -2.82%
1:07pm EDT