– En+ Group has disclosed the share of shareholders on the results of the IPO, which the company held in early November on the London stock exchange.
Before placing the shareholding structure of En+ as follows: Oleg Deripaska owned 82,65% after B-Finance (61,55%) and Basic Element (21,1%), 13% had members of his family (including 6.9%, passed in October, the wife of the businessman Polina Deripaska), 4,35% owned by VTB.
The economy03 November 2017IPO En+ in London became the largest Russian company for five to latitat read more
According to the results, the authorized capital of En+ consists of 571 million 428 thousand 572 ordinary shares. The proportion of structures of Deripaska declined to 65.2%, and the members of his family – to 11.4%, VTB – up to 3.8%, said in the final prospectus for the IPO. The new shareholder of the company has become AnAn Group (the structure of Chinese CEFC), whose cornerstone investor in the transaction and purchased GDR of the company for $500 million at the offering price.
VTB said Wednesday that it has received as collateral for the REPO package En+ in the amount of 6.25%. Of the counterparty, the state Bank was not named, but the size of the package is laid in exactly the same proportion, which, according to the prospectus, after the host received the CEFC.
In the preliminary prospectus was reported that VTB and structure the CEFC may conclude an agreement for financing the acquisition of the receipts of En+. In the final version of the document, the wording remains the same, provided in the VTB loan and what amount is not said.
Another shareholder En+ Swiss trader Glencore, a longtime partner of Deripaska’s “RUSAL”. Direct involvement in placing the trader did not take, but intends to convert its 8.75% of shares of “RUSAL” in the GDR En+. The company will release to the structure of the new Glencore shares, the exact number is not yet disclosed, but on the basis of the currently known options, the trader will receive about 11% of the share capital of En+.
The total volume of deals in IPO En+ was 107 million 142 thousand 858 GDR, which corresponds to $1.5 billion at the offering price of $14 per receipt. The company raised $1 billion, placing 71 million 428 thousand 572 receipts, another $500 million received Deripaska, whose structures have sold 35 million 714 thousand 286 GDR.
Subject to attract $1 billion in capital, the entire company was valued at $8 billion excluding the option to oversubscription the deal was placed 18.8% of the enlarged share capital of En+.
In addition to London stock exchange GDR En+ 8 Nov commenced trading on the “Moscow stock exchange”.
Accommodation Deripaska’s company is the largest Russian IPO in the last five years. In late 2012, MegaFon took place for a total of $1.86 billion subject to the option at the additional floatation.