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BRIEF-Russia's Rusagro proposes offering of up to 10 mln new shares
March 9, 2016 / 4:12 PM / a year ago

BRIEF-Russia's Rusagro proposes offering of up to 10 mln new shares

March 9 (Reuters) - Rusagro says:

* Convenes EGM on April 8, proposes it makes subsequent offering of shares in the form of global depositary receipts;

* Exact number of shares to be issued as well as price will be determined at a later stage when book-building process is finalised;

* Number of shares to be issued will not exceed 10,000,000 shares;

* It is proposed that the pre-emption rights in respect of such 10,000,000 shares be disapplied;

* The disapplication of the pre-emption rights of the shareholders regarding these new shares is required in order to provide flexibility to the company to strengthen its equity and/or its liquidity based on the company's needs. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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