March 1, 2010 / 10:17 AM / 10 years ago

RUSAL says greenshoe option not exercised

MOSCOW, March 1 (Reuters) - Underwriters of the initial public offering of the world’s top aluminium producer, Russia’s RUSAL (0486.HK) RUAL.PA have not exercised a greenshoe option, RUSAL said on Monday.

“The over-allotment option has not been exercised by the joint global coordinators on behalf of the underwriters during the stabilisation period and it lapsed on Feb, 26, 2010,” a RUSAL statement said.

RUSAL sold 1.61 billion new shares at 10.80 Hong Kong dollars ($1.39) ($1.39) at its IPO. The shares were traded a at HK$7.85 on 1012 GMT, down 27.3 percent from the initial offering price. (Reporting by Aleksandras Budrys)

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