The structure of Detsky Mir announced the repurchase of the remaining shares of the company at 71.5 rubles.

Structure of Detsky Mir (MOEX: DSKY) DM-Financial Assets sent a mandatory offer to buy out shares to minority shareholders, as follows from the message press service companies. The redemption price is set at 71.5 rubles. per ordinary share.

Shareholder applications for the sale of shares as part of the mandatory offer will be accepted from October 5 to December 14. The payment period for shares will be 17 days from the date of expiration of the period for acceptance of the mandatory offer. It is planned to buy up to 307 million 140 thousand 398 securities.

Non-resident minority shareholders from unfriendly countries who accept the mandatory offer of the structure will only be able to receive cash for the shares they sell into “C” accounts.

September 20 “Children’s World” reported on the completion of the reorganization of the business from a public joint stock company into a private company after the purchase of 58.26% of shares from minority shareholders. They are owned by DM-Financial Assets. Among the reasons for the reorganization, announced in November 2022, indicated the difficulties faced by foreign investors when voting at general meetings.

Share of Detsky Mir shares listed on the Moscow Exchange (MOEX: MOEX), is 60%. August 1 “Children’s World” completed repurchase of more than 12 million own shares from minority shareholders through the Moscow Exchange.

Lusine Balasyan