Today, Armada Company, a provider of IT services, has placed its shares in the Sector for Innovation and Growth Companies (IGC Sector), created on the MICEX Stock Exchange with the support of the RF Ministry of Information Technology and Communications. This is the first placement of shares in the IGC Sector, created on the MICEX SE, the largest stock exchange in Russia, CIS, Central and Eastern Europe, with the aim of providing appropriate conditions for investments and IPOs in the innovation and fast-growing sector of the Russian economy.
In accordance with the Rules of Listing of Securities and Admission them to Placement and Trading on the MICEX Stock Exchange, on 31 July 2007, common registered uncertificated shares of Armada Company were placed on the MICEX Stock Exchange.
Parameters of the issue:- type of securities: common shares;
- state registration number: 1-01-10670-?-001D of 26.06.2007
- face value: 1 ruble;
- number of securities: 2 000 000;
- method of placement: open subscription;
- placement price: 380 rubles;
- end of placement: date of placement of the last share of the additional issue, but not later than 1 year after the date of the state registration of the additional issue of securities (26.06.2008);
- ISIN code: RU000A0JP4J4;
- trading code: ARMD-001D.
Shares were placed through Aton Broker Investment Company, a participant in trading on the MICEX Stock Exchange.
According to the CEO of the MICEX Stock Exchange Alexei Rybnikov, “the successful placement in the IGC Sector shows that innovation business in Russia is receiving new opportunities to attract investments. We will be happy to welcome new companies from the sector of telecoms, Internet business, semiconductors, software, research and development, biotechnologies, machine building and national projects. Investments in these industries will help to improve the competitiveness of the Russian economy and secure its diversification and effectiveness.”
“I hope that Armada’s placement will be a good example for other IT companies,” said Alexey Kuzovkin, General Director of Armada. “We are going to invest the money raised as a result of placement in promising IT business. Our goal is to control 3-5% of the Russian IT market in the next 3 to 5 years.
