Detsky Mir Group purchased 58,26% of shares from minority shareholders
As part of the transformation of the company into a private business, which was announced in November 2022, PJSC Detsky Mir repurchased 58,26% of the shares from minority shareholders. This share was consolidated by the company's subsidiary DMF JSC, which participated in the voluntary offer.
The cost of repurchase of shares was 71,5 rubles. per share. For non-resident investors, it was possible to sell shares either to special type “C” accounts (with withdrawal restrictions - IF) for the same 71,5 rubles, or, bypassing type “C” accounts, for 60,77 rubles. for paper, i.e. with a discount of 15% from the base purchase price.
Part of the repurchased shares was paid for with shares of JSC DMK (owns 100% of shares in the non-public operating company LLC DM, spun off from PJSC Detsky Mir in May 2023).
Thus, the shareholders of PJSC Detsky Mir, who accepted the offer of JSC DMF to pay for the shares with other securities - shares of JSC DMK, acquired 100% of the shares of JSC DMK and full control over the operating business of Detsky Mir.
Next, the company intends to conduct a mandatory share repurchase to acquire 100% of the outstanding shares. On Tuesday evening, DFMA JSC reported on the information disclosure tape that it had sent an offer to the regulator - the Bank of Russia.
The target buyout price is the weighted average price of shares on the Moscow Exchange for six months. At the same time, it is planned that at this stage the price will not be lower than 71,5 rubles. for paper.
GC "Detsky Mir" is the largest retailer on the children's goods market in Russia and Kazakhstan. The company held an IPO in February 2017. The placement price was 85 rubles. per share. In November 2022, the company announced its transformation into a private business.
As part of the transformation of the company into a private business, which was announced in November 2022, PJSC Detsky Mir repurchased 58,26% of the shares from minority shareholders. This share was consolidated by a subsidiary...
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