Moscow Exchange Halts PIK Share Trading Oct 20
Moscow Exchange will suspend trading of PIK shares starting October 20.
Consensus
- Moscow Exchange will stop trading PIK's shares on October 20.
- Trading will be halted due to a planned share buyback.
- The buyback price is set at 551.4 rubles per shareholder.
- PIK's board of directors approved the delisting of its shares.
- The buyback is initiated by the majority shareholder, 'Nedvizhimye aktyvy'.
Points of divergence
- The last trading day for retail investors in the T+1 order book is October 15. — vedomosti
- The last trading day for retail investors in the T +1 order book is October 16. — kommersant
- The buyback was initially proposed at 473.15 rubles per share for approximately 99.84 million shares, based on a six-month average price. — vedomosti
- No mention of the initial offer price or volume of shares in the buyback proposal. — kommersant
- The shareholder meeting on the buyback will be held on October 13. — vedomosti
- No mention of a shareholder meeting date. — kommersant
- The registry of shareholders eligible to sell shares will be formed on October 20. — vedomosti
- No mention of the registry formation date. — kommersant
- Experts state that the delisting is not due to financial crisis or performance decline, but a strategic move to optimize ownership and reduce public reporting costs. — vedomosti
- No expert commentary provided. — kommersant
Coverage (2 sources)
- Moscow Exchange will stop trading PIK shares from October 20 — Ведомости
- Moscow Exchange will stop trading PIK shares from October 20 — Коммерсантъ