However signature by Prime Minister Vladimir Putin of a relevant decree last week puts the EBRD under strong pressure to relent. He also reported that there is agreement with foreign creditors on conditions of the deal. When converted, new shares will bring a large dilution of charter capital, which presently consists of 12.5 million common shares. Company reports, RMG estimates The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.