Sistema and RCIF successfully complete an offering of Detsky mir shares
12 December 2017, Moscow, Russia. Public Joint Stock Company “Detsky mir” (the “Company” or “Detsky mir”), Russia’s largest specialised children’s goods retailer, announces that Sistema PJSFC (“Sistema”), which is the majority shareholder of the Company, and the Russia-China Investment Fund (“RCIF”) have successfully completed accelerated bookbuilding offering (the “Offering”) of 46.5 million ordinary shares in Detsky mir, representing approximately 6.3% of the Company’s share capital.
The Offering was priced at RUB 90 per share.
Following the Offering, the Company’s free float is expected to reach approximately 40.2%, increasing the liquidity of Detsky mir’s stock. Sistema will retain 47.1% in the share capital of Detsky mir. RCIF, the second largest shareholder of Detsky mir, will own 12.7% of the Company’s ordinary shares.
For additional information:
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Nadezhda Kiseleva Head of Public Relations Office: +7-495-781-0808, ext. 2041 Cell: +7-985-992-7857 nkiseleva@detmir.ru |
Sergey Levitskiy Head of Investor Relations Office: +7-495-781-0808 ext. 2315 slevitskiy@detmir.ru |
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This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. PJSC Detsky mir does not intend to register any portion of the offering of any securities referred to herein in the United States or to conduct a public offering of the securities in the United States.
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