Bank Saint Petersburg Announces the Start of the Secondary Public Offering
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Bank Saint Petersburg (MOEX: BSPB), one of the largest banks in Russia with leading positions in St. Petersburg and the Leningrad Region, announces the start of the Secondary Public Offering (the “Offering” or “SPO”) of its ordinary shares (the “Shares”).
- Commencement of the pre-emptive right period has been set for today, July 18, 2017. The preemptive right to purchase the Shares can be exercised by the holders of ordinary shares listed in the shareholder register as of May 31, 2017.
- The Offering will comprise of up to 60 million additional Shares. The Bank’s major shareholders intend to exercise their preemptive rights in the course of the Offering.
- The placement price will be determined by the Bank’s Supervisory Board and announced after the end of the pre-emptive right period and bookbuilding. The placement price is expected to be set by the end of July 2017.
Renaissance Capital is acting as global co-ordinator and bookrunner of the Offering.