OAO Raspadskaya ("Raspadskaya" or "the Company"), the second-largest coking coal producer in Russia, today announces the successful pricing of its Initial Public Offering. The offer price has been set at $2.25 per ordinary share (the "Offer Price").
Moscow, 18 October 2006 — OAO Raspadskaya («Raspadskaya» or «the Company»), the second-largest coking coal producer in Russia, today announced its intention to launch a public offering of ordinary shares which are held by the Company’s principal shareholder, Corber Enterprises Limited.
The Board of Directors elected Alexander S. Vagin as its Chairman. Mr. Vagin is the First Deputy Director of Raspadskaya Coal Company. Board Members Jeffrey R. Townsend and Christian Schaffalitzky (de Muckadell) were determined to qualify as Independent Directors in accordance with the criteria for independence indicated in the new Statute on the Board of Directors.
An extraordinary shareholders meeting of Raspadskaya was held on 4 September 2006. Raspadskaya shareholders approved the Resolution on the Board of Directors of the Company in its new redaction and set the compensation for Members of the Board of Directors.
OAO Raspadskaya Coal Company, uniting a group of enterprises situated in the Kemerovo region of the Russian Federation, has released the results of its coal businesses for H1 2006.
|© 2017 Raspadskaya|