TGTGInsighttelegram intelligenceLIVE / telegram public index
Post content
Post content
ππ·πΊ MGTS ANNOUNCES BUYBACK OF PREFERRED SHARES MGTS has decided to buy back part of its preferred shares at a price of 1501 RUB/PREF, offering a premium of 2x the market rate. The maximum buyback size, as defined by the Federal Law on Joint Stock Companies, will be 9,522,279 shares (up to 10% of shares in circulation). The application period runs from June 10 to September 13. The board's decision follows concerns over the undervaluation of the company's shares on the exchange. Details can be found in the release.