Gruppa Kompaniy PIK OAO Plans to Issue 363 Million New Shares-Interfax
Interfax reported that shareholders in Gruppa Kompaniy PIK OAO approved plans to issue 363 million new shares, the developer said in a statement. The par value of shares is RUB 62.5 each. The placement price is still to be decided. The Company's Vice President, Mr. Andrey Rodionov, said in September 2012 that an SPO (secondary public offering) was under consideration to reduce debt burden.
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