Press releases | Archive 2011
RBC to hold EGM to consider additional share offering
Moscow, September 8, 2011 — RBC OJSC (RTS, MICEX: RBCM) hereby announces that the company’s Board of Directors has approved convening an Extraordinary General Meeting (EGM) of Shareholders to vote on increasing the share capital of RBC OJSC by offering 51,109,375 additional shares via public subscription. The EGM will take place on October 10, 2011.
The proceeds from the share offering will be used to refinance the purchase of leading Russian domain name registrar and hosting provider RU-Center and finance a number of acquisitions during the fall and winter.
ONEXIM Group, represented by General Director Dmitry Razumov, has announced its intention to exercise its preemptive right to buy 51% of the additional share offering, should the company’s shareholders approve the offering.
Taking into account the probability that some shareholders will also exercise their preemptive rights, the amount of shares to be offered publicly will be about 25m shares or less than 7% of the total number of shares after the offering.