Share purchase ratio in Norilsk Nickel buyback 0.109
MOSCOW. Nov 2 (Interfax) - The coefficient for share purchases during the Norilsk Nickel buyback was 0.1094789399, the company Norilsk Nickel Investments Ltd, a wholly owned subsidiary, has reported.
Sell offers were received from the holders of 119,780,706 shares, representing 62.8% of charter capital. The buyback ratio was around 10.95%.
"According to information provided by the dealer-manager in relation to the acquisition - Citigroup Global Markets Limited, the number of shares (including shares certified by the ADA), in relation to which bids were made on the sale at the moment of the final deadline, was 119,870,706," NN Investments said.
Shareholders who offered their shares for repurchase or their representatives must appear at the Computershare office between November 7 and November 18 to sign the necessary documents for the transfer of ownership rights to the shares. After November 18, shares cannot be acquired.
Payment for the purchased shares will be made in rubles in accordance with the conditions of the NN Investments memorandum.
The purchase price per share, payable in accordance with the share purchase-sale agreement, is 9,254.08 rubles.