AK Alrosa OAO Announces Price Range for International Offering
AK Alrosa OAO (Alrosa) announced the price range for its offering (the Offering) of existing shares 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), a subsidiary of the Moscow Exchange, under the ticker symbol ALRS. The price range for the Offering has been set at between RUB 35 and RUB 38 per Share. In connection with the Offering, VTB Capital plc, acting as a stabilizing manager, may procure the purchase, for stabilization purposes, of the Shares on MICEX SE or otherwise in a total number of up to 10% of the number of the offer shares within 30 days of the announcement of the offer price. Sunland Holding SA, a wholly-owned subsidiary of ALROSA, has granted the stabilizing manager an option to require Sunland Holding SA to purchase the Shares held by the stabilizing manager as a result of stabilization transactions in total number of up to 10 per cent of the number of the offer shares at the offer price. The announcement of the offer price is expected on October 28, 2013.
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