Recently isolated from the "Severstal" gold mining company, began trading on Nordgold London Stock Exchange. A few hours of trading value of securities almost did not move, but at the start they were worth considerably more than the price on the basis of which was reorganization.
Today at 12:00 am on the London Stock Exchange launched the first trades in securities gold Nordgold, the former subsidiary company "Severstal". The initial price was $ 7.55 per GDR (one ADR equals one share). As of 14:00 was done five deals in the range of $ 7.5-7.7 per share totaling just over $ 41 thousand
"Severstal" has decided to allocate the fall Nordgold, transferring it directly to its shareholders. They were asked to exchange papers of the parent company to a subsidiary of GDR. As a result, minority shareholders will get 10,6% Nordgold, the rest - the main shareholder of "Severstal" Alexei Mordashov. Selection process completed by mid-February.
Nordgold capital is divided into 358,794,180 shares. The company stood at $ 6.95 assessment per unit, that is, to date, it has risen by 8.6%, and in the course of trading a growth rate of 10.8%. In this price range is $ Nordgold all 2,69-2,76 billion compared with $ 2.49 billion at the time of selection. However, objectively assess the dynamics of quotations on the first day of trading is not possible, the analyst TCB "BNP Paribas Investment Partners" Alexander Litvin: action must be "rastorgovatsya," but it takes time, and for each paper is different.
Today at 12:00 am on the London Stock Exchange launched the first trades in securities gold Nordgold, the former subsidiary company "Severstal". The initial price was $ 7.55 per GDR (one ADR equals one share). As of 14:00 was done five deals in the range of $ 7.5-7.7 per share totaling just over $ 41 thousand
"Severstal" has decided to allocate the fall Nordgold, transferring it directly to its shareholders. They were asked to exchange papers of the parent company to a subsidiary of GDR. As a result, minority shareholders will get 10,6% Nordgold, the rest - the main shareholder of "Severstal" Alexei Mordashov. Selection process completed by mid-February.
Nordgold capital is divided into 358,794,180 shares. The company stood at $ 6.95 assessment per unit, that is, to date, it has risen by 8.6%, and in the course of trading a growth rate of 10.8%. In this price range is $ Nordgold all 2,69-2,76 billion compared with $ 2.49 billion at the time of selection. However, objectively assess the dynamics of quotations on the first day of trading is not possible, the analyst TCB "BNP Paribas Investment Partners" Alexander Litvin: action must be "rastorgovatsya," but it takes time, and for each paper is different.
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