PJSC “RussNeft” shareholders not approving the deal on VTB Facility Restructuring did not deliver any request for redemption within the deal, the company reports.
The report is null, no one of PJSC “RussNeft” shareholders made a request for redemption, RNS was told in the oil company.
The right on request for redemption resulted from the approval of the deal on VTB facility restructuring in the amount of 1.3 bn USD.
Restructuring offers more comfortable conditions for the company, e.g. postponement of the maturity from 2023 to 2026 with insignificant interest rate changing.
The company was ready to buy back the shares from the shareholders who did not take part in the voting or voted against the deal. The value of one ordinary share was determined in the amount of 503.99 RUB. The current price of the Company’s share at MOEX makes up 558.3 RUB.
