Wednesday, June 1, 2011

MDM Bank will take its shares from the exchanges

MDM Bank plans to convert their preferred shares, traded on the RTS and MICEX, the ordinary, "Businessman" writes. Investors will offer conversion shares by a factor of 1 to 1. Those who do not like the proposal, may sell the shares at 16.4 rubles per share. Replacing the "preferred shares" to "obychku" may be related to a desire to save on bank dividend payments. In addition, to simplify the capital structure can talk about finding a strategic investor.

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