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envisioned payment of RUB1.19 per share. Sistema’s representatives have repeatedly said that the company is considering the possibility of a return to the previous dividend policy or its revision. Yevtushenko is the main beneficiary of Sistema holding 59.2% of shares, 16.5% of shares and 15.9% of GDRs are in free float, while the remaining 8.4% of shares and GDRs belong to companies of Sistema Group, board members and the corporation’s management.
8.3.3 ​ ECM news
Russian Internet company​ ​Yandex​ has doubled the volume of its public share offering to $400mn from $200mn and is offering 8.1mn newly issued Class A shares at a price of US $49.25 per share​, the company said in a statement seen by PRIME on Thursday. “Yandex N.V., one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced the pricing of its public offering of 8,121,827 newly issued Class A shares at a public offering price of $49.25 per Class A share,” the company said. Yandex’s American depositary receipts (ADRs) closed the Wednesday session in New York at $50.30. The company will place the newly issued shares on June 29. Yandex granted underwriter Goldman Sachs & Co a 30-day option to purchase up to 1,218,274 Class A shares at the offering price
Russian IT developer ​IBS​ calls off the initial public offering (IPO) of its shares planned since 2018​, the company announced. Reuters reminds on June 26 that IBS increased its share capital in 2018 by 25mn shares on open subscription, eyeing an IPO, but the worsening market conditions have postponed the placement on Moscow Exchange. In April 2020 the owners and co-founders of the IT developer Anatoly Karachinsky and Sergey Matsotsky have decided to split IBS and develop their businesses separately. Previous spin off of IBS is Luxoft, one of the largest ​Russian software engineering companies​ focusing mainly on the international markets.
Timber company​ ​Segezha Group​ that is part of the AFK​ ​Sistema conglomerate plans an IPO as soon as the market recovers​, the company’s CEO Vladimir Chirakhov said during Sistema’s AGM on June 28, Tass reports. "We see huge interest from the side of Segezha Group potential partners. As far as an IPO is concerned, I believe the company is absolutely ready. However, due to the unfavourable environment on the markets as they have lost 40%, amid today’s low prices we suggest that we will not be able to receive the required IPO valuations of the company, which is why prices recovery is the key factor influencing IPO," he explained. It was expected that an IPO of the timber asset Segezha Group would be held or a strategic investor would be brought into the asset in the first half of 2020, Managing Partner of Sistema Ali Uzdenov told TASS on the sidelines of the St. Petersburg International Economic Forum in 2019.
Russia's largest private clinic chain​ ​Medsi​ could push its plans for an initial public offering from 2021 to 2022, ​RIA Novosti/Prime reported on June 11 citing the representatives of the company. Medsi is controlled by multi-industry investment conglomerate AFK Sistema​, that held and SPO of its children's goods retailer Detsky Mir in 2019 and is getting ready to sell ​30% in e-commerce major Ozon to country's largest bank Sberbank​. The IPO of Medsi has been postponed due to the consequences of the coronavirus (COVID-19) crisis, as the bed occupancy in the clinics has dropped by over
89​ RUSSIA Country Report​ July 2020 ​ ​www.intellinews.com