Billionaire Mordashov Boosts Stake in Nordgold, Buys Mgmt Stakes
2014-12-09 07:16:15.20 GMT
By Yuliya Fedorinova
Dec. 9 (Bloomberg) -- Alexey Mordashov holds 86.28% in
Nordgold after buying stakes from CEO Nikolai Zelenski and Oleg
Pelevin, director of strategy and corporate development, co says
in filing.
* Zelenski sells 2,511,559 GDRs at $1.5 each
* Pelevin sells 1,076,383 GDRs at same price, which is closing
price on Dec 5.
* Nordgold’s free-float remains 13.7% as GDRs previously owned
by managers weren’t considered part of free float
* NOTE: Mordashov bought 0.85% of Nordgold on Nov. 28 from
market; also bought 0.11% on Dec. 4
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Yuliya Fedorinova in Moscow at +7-495-771-7707 or
yfedorinova@bloomberg.net
To contact the editor responsible for this story:
Will Kennedy at +44-20-7073-3603 or
wkennedy3@bloomberg.net
2014-12-09 07:16:15.20 GMT
By Yuliya Fedorinova
Dec. 9 (Bloomberg) -- Alexey Mordashov holds 86.28% in
Nordgold after buying stakes from CEO Nikolai Zelenski and Oleg
Pelevin, director of strategy and corporate development, co says
in filing.
* Zelenski sells 2,511,559 GDRs at $1.5 each
* Pelevin sells 1,076,383 GDRs at same price, which is closing
price on Dec 5.
* Nordgold’s free-float remains 13.7% as GDRs previously owned
by managers weren’t considered part of free float
* NOTE: Mordashov bought 0.85% of Nordgold on Nov. 28 from
market; also bought 0.11% on Dec. 4
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Yuliya Fedorinova in Moscow at +7-495-771-7707 or
yfedorinova@bloomberg.net
To contact the editor responsible for this story:
Will Kennedy at +44-20-7073-3603 or
wkennedy3@bloomberg.net