RBC needs money

RBC Company plans to issue 20,740,000 shares, which should increase its share capital (UK) by 17.4%. This decision was approved by the board of directors. The preemptive right to repurchase shares placed by public subscription will be received by shareholders listed on the register on August 3. Judging by the current value of RBC's shares, the current additional issue may bring more than $ 180 million to it. The placement result will show how much market confidence in RBC's plans.

RBC Director German Kaplun said that the funds from the additional issue will go to finance the growth of the project. The main part of this amount will be invested in Internet projects at an early stage of development. Investment in print media is not planned.

Also on September 18, an extraordinary shareholders meeting of the company will be held, appointed to approve the transaction related to the organization of debt financing. Since according to the Law on Joint Stock Companies and the RBC Charter, shareholders only approve transactions with an amount in excess of 50% of the book value of assets, the transaction price must exceed $ 40 million.
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