Friday May 9, 08:08 AM
Mironovskiy sets offer price of $15 per GDR for LSE listing; market cap $1.7 bln
LONDON (Thomson Financial) - Mironovskiy Hleboproduct S.A. (MHP) said it has set an offer price of $15 per global depositary receipt (GDR) for its global offering for listing on the London Stock Exchange (LSE: LSE.L - news) (LSE), implying a market capitalisation of about $1.7 billion.
The Ukraine-based poultry and agroindustrial producer last month set an indicative price range of $14-$18.50 for the offering, which comprises 10.75 million existing shares in the form of GDRs offered by WTI Trading Ltd. and 10.75 million new shares in the form of GDRs offered by MHP.
Chief executive Yuriy Koyuk commented: 'We have been very encouraged by investor appetite for our shares despite the difficult stock market conditions.'
The company said the offering represents about 19.41 percent of its issued share capital immediately after the offering.
MHP said conditional dealings will commence on the LSE Friday, while admission and commencement of unconditional dealings on the LSE are expected on May 15.
The company intends to use the net proceeds from the IPO to finance the expansion of its poultry and grain businesses, including potential land acquisitions and potential acquisition opportunities in the Ukrainian agricultural sector.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
