TCS Holding shares priced at 3,423.62 rubles each as part of placement to buy Rosbank

MOSCOW. March 20 (Interfax) - The board of directors of IJSC TCS Holding has set the parameters for the additional issue of shares as part of the transaction to purchase Rosbank , the holding said.

The holding could issue 130 million ordinary shares through private offering at 3,423.62 rubles per share. The potential volume of the additional issue is 445.071 billion rubles at the placement price.

The placement price of the new issue of shares is in line with a premium of slightly more than 5% to Tuesday's closing price.

TCS Holding after re-domiciliation has equity capital totaling 725.3 million rubles, comprising 199,305,492 ordinary shares at par value of 3.64 rubles per share. The volume of the additional issue is 473.2 million rubles at par, meaning that the holding's equity capital could grow 1.7-fold to nearly 1.199 billion rubles if all the additional shares are placed during the offering.

TCS Holding is conducting an extraordinary general shareholders' meeting in the form of absentee voting regarding the matter of the additional share issue, and May 8, 2024, is the closing date to receive ballots.