Softline company announced the launch of a secondary public offering (SPO) with a target of reaching 3.75 billion rubles. This has been reported Press release issuer, applications for participation in the DPT will be accepted from November 29 to December 6 at a price of 140 to 149.84 rubles per security.
Within the scope of DPT, the company will offer up to 25 million of its own shares for sale. Thus, at the maximum placement price, the company will be able to raise approximately 3.75 billion rubles. At the end of the collection of applications, the final price is expected to not exceed the stock price.
As stated, investors participating in DPT will have the right to purchase 10 more Softline shares at the same price for every 40 Softline shares already purchased, six months after the completion of the placement. The shares offered for sale were provided by subsidiary Softline Projects under a loan agreement with majority shareholder Atalaya LLC.
Funds collected during DPT will be used for further business development. Following the news about the shares, the company’s price fell by almost 5% on the Moscow Stock Exchange.
Before that in the USA stated The stock market in Russia is on the rise.
Formerly menswear chain Henderson reported About plans to hold an IPO on the Moscow Stock Exchange before the end of 2023.