Astra Group sets final price guidance for SPO set at 555 rubles per share

MOSCOW. April 18 (Interfax) - PJSC Astra Group , the parent of a group of Russian companies that develop infrastructure software, including the Astra Linux operating system, has set final price guidance for its secondary public offering at 555 rubles per share, the company said late Wednesday.

Bids below that will not be accepted.

The offering is 10% of equity or 21 million shares. The company has said there was "heightened interest" in the deal among Russian management companies and other institutional and retail investors.

The bid book closes at 6:30 p.m. local time on April 18 and with settlements on April 19.

The group's head, Ilya Sivtsev, has said the company expects all shares on offer to be sold, which will increase the free float to 15% from 5%, making the company eligible for a Moscow Exchange top tier and inclusion in its index and boosting the number of potential investors.

He said institutional investors might buy around 60% and retail investors the rest of the offering.