Pipe Metallurgical Company announces over-allotment option
Pipe Metallurgical Company (aka TMK) announced that it managed to go through with the over-allotment option with the help of its global coordinators. The option amounts to 18m shares sold at $5.40 per share.
The right to go ahead with the over-allotment was received due to successful offering of 180m shares. Now the company offers 198m shares (excluding the incidental selling of shares to the company’s personnel); the total profit from the operation comes to $1,069,200.
The Global Depositary Receipts of Pipe Metallurgical Company quoted at London Stock Exchange were given the ticker tape TMKS; the shares quoted at Russian Trading System were given the ticker tape TRMK.
Credit Suisse, Dresdner Kleinwort and Renaissance Capital are the banks acting as joint global coordinators assisting the offer, reports the spokesperson for Pipe Metallurgical Company.
The right to go ahead with the over-allotment was received due to successful offering of 180m shares. Now the company offers 198m shares (excluding the incidental selling of shares to the company’s personnel); the total profit from the operation comes to $1,069,200.
The Global Depositary Receipts of Pipe Metallurgical Company quoted at London Stock Exchange were given the ticker tape TMKS; the shares quoted at Russian Trading System were given the ticker tape TRMK.
Credit Suisse, Dresdner Kleinwort and Renaissance Capital are the banks acting as joint global coordinators assisting the offer, reports the spokesperson for Pipe Metallurgical Company.
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