PJSC “Research and production corporation “United Wagon Company” (“RPC UWC”, the Company or the Holding) (MOEX: UWGN), the market leader in innovative railcar building in the 1520 mm gauge area, intends to go for secondary public offering (the “Offering” or the “SPO”) of its ordinary shares (the “Shares”) on the Moscow Exchange.
- The Company intends to place a total of up to 2.5 million additional shares
- The Offering is scheduled to start at the end of April 2017, with the exact dates yet to be confirmed by the RPC UWC CEO
- The price of the Shares will be determined by the Board of Directors based on the market value and published before the Offering
- The Shares will be sold on the Moscow Exchange pursuant to its applicable settlement procedures
- Renaissance Capital, BCS, IC ITinvest and Aton are the joint bookrunners of the Offering
RPC UWC’s audited consolidated financial statements will be issued prior to the Offering.
In 1Q 2017 the Holding produced 4.6 thousand railcars, 51% increase over the same period of 2016. Quarterly result are in line with RPC UWC production plan for 2017 – 18-20 thousand railcars.
Roman Savushkin, RPC UWC CEO, said, “We are happy to announce another step forward in the Holding’s public development. UWC, a dynamically growing company and a strong leader in the railcar industry, attracts interest in the market. The shares will be offered to a wide range of investors including institutional and retail ones. The SPO will raise extra capital to implement our strategic projects and optimize the debt load. Achieving these goals will contribute to further growth of UWC’s financial indicators and its market value”.
The present press release contains the information about PJSC «RPC UWC» (hereinafter referred to as the “Company” or PJSC «RPC UWC» ) and has been prepared in connection with the possible public offering of securities of PJSC «RPC UWC» . This Press release has been provided for information purposes only and in connection with the possible public offering of the securities of PJSC «RPC UWC». This Press release is not (nor does it substtute) a prospectus for any securities, a decision on issuance of securities, an offer to purchase or sell, or to subscribe to, any securities or any other assets or an offer or an invitation to make offers. This Press release does not constitute, an advertisement of securities, guaranty or promise to sell securities or any other assets or of the placement of securities or to enter to any contract and shall not be construed in such manner.
This Press release is not a recommendation in relation of the securities of PJSC «RPC UWC» or any other securities or assets described in this Press release. Potential investors should not base their investment decisions on this Press release. The information contained herein may change significantly. This Press release does not contain the complete information of PJSC «RPC UWC» necessary for the investigation in relation to PJSC «RPC UWC» and developing some conclusion. PJSC «RPC UWC» reserve the right to change any information contained herein without explaining the reasons at any time in any part and without any notice. The delivery of this Press release to the recipient does not constitute an obligation of the organizers (book runners or undnerwriters) of the offering or PJSC «RPC UWC» including the obligation to amend or update this Press release or to correct the discrepancies. PJSC «RPC UWC» and the organizers of the offering reserve the right to amend or terminate the offering procedure at any time in any part and without notice. The delivery, contribution or publication of the present Press release does not constitute any liabilities of making any transactions from the part of the organizers of the offering or PJSC «RPC UWC».. The information provided herein is not a ground for some contractual obligation. PJSC «RPC UWC», the organizers of the offering, their affiliates, employees, officers, representatives, agents, advisors and consultants are not liable for any direct or indirect losses occurred as a result of use of this Press release or information contained herein. The information on plans and any future events is uncertain and may significantly differ from the facts and the events that may arise in future. The person received this Press release is aware that nothing in the present Press release constitute the guaranty or the representation or the warranty or the promise or the obligation in relation to the future events and facts and any future real results, events and facts may significantly differ from the information contained herein. Accordingly PJSC «RPC UWC», the organizers of the offering, their affiliates, employees, officers, representatives, agents, advisors and consultants do and will not provide no guaranty, representation, promise or obligation in relation to the occurrence, fairness, feasibility or achievability of such plans of any future events or facts.
Neither the issuer / company nor the shares have been registered or otherwise authorized for issuance in jurisdictions other than the Russian Federation. Investors should seek independent confirmation of compliance of the shares with requirements of, and any restrictions on the ability of such investors to acquire the shares imposed under, the law of jurisdictions of their incorporation or business activities.
THE INFORMATION CONTAINED HEREIN SHAL NOT BE PUBLISHED OR DISTRIBUTED DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN. THE INFORMATION CONTAINED HEREIN IS TO BE USED FOR INFORMATION PURPOSE ONLY AND SHALL NOT BE COSTRUED AS AN OFFERING OF SECURITIES IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION. THE SECURITIES OF PJSC «RPC UWC» HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT (1933) AS AMENDED OR UNDER THE LAWS OF ANY STATE AND MAY NOT BE OFFERED OR SOLD WITHIN THE USA.
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