Savings Management LLC (SM) has raised its shareholding in PJSC “Research and Production Corporation “United Wagon Company” (“RPC UWC” or the “Company”) (MOEX: UWGN), the market leader in innovative railcar building in the 1520 mm gauge area, from 2.0% to 6.8%.
Savings Management LLC is a trust manager of Joint Stock Company «Non-State Pension Fund «RGS» (“NSP RGS”). Increase of the share of SM in the capital of RPC UWC was caused by transfer of Company’s shares, which were previously held in NSP RGS’s pension savings portfolio and managed by another trust manager to SM’s control.
The increase of the SM share does not entail any change in the Company's free-float (21%). All of the shares owned by NSP RGS were previously ascribed to "Other strategic investors" category. The current structure of shareholders of RPC UWC can be viewed on the Company website.