United States

United Company RUSAL announces possible share transfer between shareholders

Wednesday, 18 Oct 2017 07:51pm EDT 

Oct 19 (Reuters) - United Company RUSAL:Possible Share Transfer Between Shareholders Of The Company .‍En+ announced that En+ and Amokenga entered into a non-binding term sheet in relation to a possible share transfer​.‍Amokenga will subscribe for a certain number of GDRS in En+​.‍as consideration for subscription, Amokenga will transfer about 8.75% of total issued share capital of company to En+​.‍if possible share transfer materializes, En+'s shareholding in co will increase from 48.13% to approximately 56.88%​.