Распадская (логотип) Лидер угольного рынка России
Home Contacts Site map РУС
printPrint

Press releases

OAO Raspadskaya Shares Priced at $2.25 Per Share

10.11.2006


Moscow, 10 November 2006 - 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"). The offering comprises 140,757,885 shares, representing 18% of the Company's charter capital, which will be sold by the Company's principal shareholder and placed with investors in the Russian Federation and with qualified investors in certain other countries outside of the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended.

Based on the Offer Price, the gross proceeds of the offering are approximately $317 million with a market capitalization of the Company immediately following the offering to be approximately $1,760 million.

The Company's shares were recently included into quotation list "V" on the Russian Trading System (RTS) stock exchange and into quotation list "V" on the Moscow Interbank Currency Exchange (MICEX).

Trading will commence on NP RTS today at 12:00 (MT), on OAO RTS on 13 November, and оn MICEX on 14 November under the ticker symbol "RASP".

Gennady Kozovoy, CEO of Raspadskaya said: "We are delighted with the strong level of interest that investors have shown in the IPO of Raspadskaya. Becoming a listed company is an important milestone in Raspadskaya's development and will allow us to consolidate our position as one of the leading coking coal producers in Russia."

Credit Suisse and Deutsche UFG are acting as global co-ordinators of the public offering, while Credit Suisse, Deutsche UFG and Morgan Stanley are joint bookrunners. Natexis Bleichroeder is acting as co-manager.

Notes for editors

Raspadskaya's facilities include two active underground mines, an active open-pit mine, a coal preparation plant and one underground mine under construction, as well as a coal transportation network and a number of integrated infrastructure companies. In 2005, the Company produced 9.7 million tonnes of coking coal.

Currently, approximately 98% of Raspadskaya's ordinary shares are held by Corber Enterprises Limited, an entity ultimately owned by Raspadskaya management and Evraz Group on a parity (50/50) basis.

Press contacts

OAO Raspadskaya
Oleg Kuzakov, Alexander Andreev
Tel: +7 (495) 147 1516
press@raspadskaya.ru
IR@raspadskaya.ru

The PBN Company
Artem Dovlatov
Tel: +7 (495) 775 0077

This press release is not intended for publication or circulation in the United States. This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold into the United States absent registration under the US Securities Act of 1933 or an exemption therefrom. OAO Raspadskaya has not registered and does not intend to register any part of the offer in the United States or make any public offer of securities in the United States.

This press release is not an invitation nor is it intended to be an inducement to engage in investment activity for the purpose of the U.K. Financial Services and Markets Act 2000. To the extent that this press release does constitute an inducement to engage in any investment activity, it is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this press release relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents.

This press release is not an invitation nor is it intended to be an inducement to engage in investment activity at any member state of the European Economic Area which applies Directive 2000/71/EC (this directive, together with any implementing measures in any member state, the "Prospectus Directive"). To the extent that this press release does constitute an inducement to engage in any investment activity, it is directed only to those persons who are investment professionals for the purposes of the Prospectus Directive in such member state, and such other persons as this document may be addressed on legal grounds, and no person that is not a relevant person may act or rely on this press release or any of its contents.

This press release does not constitute a public offering or an advertisement of securities in the Russian Federation and does not constitute an offer or a proposal to make offers or to acquire securities in the Russian Federation.

© 2017 Raspadskaya