Dmitry Bosov has 49.9% stake in Siberian Anthracite - IPO prospectus
MOSCOW. July 5 (Interfax) - Dmitry Bosov is the beneficiary of 49.88% of shares in Siberian Anthracite, according to information contained in the company's prospectus for an IPO, which has been examined by Interfax.
Bosov controls 66.5% of the Alltech group, which in turn owns 75% of shares in Siberian Anthracite, the prospectus says.
Vladimir Mikulik, the head of investment at Alltech, controls 16.02% of Siberian Anthracite, corresponding to a 21.4% stake in Alltech.
Alltech executive director Dmitry Aga is the beneficiary of 4.55% of Siberian Anthracite shares, corresponding to a stake of about 6% in the group.
Other Alltech executives are the beneficiaries of another 4.55% of Siberian Anthracite shares.
Alltech has pledged one-third of its stake - 25% of Siberian Anthracite shares - as security for a loan from Raiffeisenbank.
GLG Emerging Markets Growth Fund, owns the other 25% of shares, which it purchased in 2008. Shares from that stake will be offered in the IPO on the London Stock Exchange.
The price range for the share placement values 100% of Siberian Anthracite at $630 million-$855 million. JP Morgan, Morgan Stanley, Raiffeisen Bank International and Sberbank CIB are the IPO organizers.
Siberian Anthracite is the only coal producer in Novosibirsk region. It owns licenses to develop the Gorlovsky, Urgunsky and the Kolyvansky sections in the Gorlovo hard coal basin. Proven reserves exceed 200 million tonnes of anthracite coal.
The company boosted net profit 22% to $117 million in 2012 on revenue of $508 million, up 27%. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 15% to $194 million.
The company paid shareholders dividends of $17 million, $34.6 million and $60.4 million in 2010-2012. It paid another $3 million for the first quarter of 2013.