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Press releases | Archive 2012

RBC places over 90% of additional share issue

Moscow, June 18, 2012 — RBC OJSC (MICEX-RTS: RBCM) announces having successfully placed 46,740,385 additional ordinary shares, which is equal to 91.45% of the total number of shares in the additional issue (51,109,375) and 12.8% of the company's authorized capital after the offering. The issue was oversubscribed.

The company has raised about RUB 1bn as a result of the authorized capital uplift. The proceeds will be spent on RBC's further development predominantly in the Internet segment. The shares are expected to be authorized for trading on MICEX-RTS Stock Exchange and placed on Quotation List B before the end of June.

Existing shareholders acquired about 26.3m shares during the preemptive rights period, while 20.4m shares were sold via public subscription, with demand from investors reaching about 57.5m shares. Investment company ATON acted as the placement organizer.

"I'm satisfied with the results of the offering. The company raised funds in order to finance further rapid expansion. Internet is our priority area of business, and the proceeds will be used mainly to firm up our positions in this segment and, in particular, to finalize the acquisition of RU-Center. I would like to thank investors in the company for their trust and the placement organizer for having successfully performed the transaction," RBC CEO Sergey Lavrukhin said.

Agaron Papoyan, Managing Director of Corporate Finances department at ATON, said "We are extremely satisfied with the results of RBC's placement. The bid book was oversubscribed 1.5С… despite a challenging market environment. Although some investors requested a discount to the current market price, while being firmly convinced that the fair price of RBC's shares is substantially higher, we recommended that the company's Board of Directors set the placement price with a 15% premium to the market price at the time of the offering. The placement of over 90% of the additional share issue with such a premium underscores the fact that investors have expressed their trust in the new management of the company and are upbeat about its outlook going forward."


Press and investor contacts:
Egor Timofeev
Tel: +7 (495) 363-1111
Email: pr@rbc.ru
Web: www.rbcholding.com