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            june 24, 2017

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RPC UWC to do additional public offering of its shares

  18.04.2017    

PJSC “Research and production corporation “United Wagon Company” (Russia), the market leader in innovative railcar building in the 1520 mm gauge area, intends to go for secondary public offering of its ordinary shares on the Moscow Exchange.
- The Company intends to place a total of up to 2.5 million additional shares
- The Offering is scheduled to start at the end of April 2017, with the exact dates yet to be confirmed by the RPC UWC CEO
- The price of the Shares will be determined by the Board of Directors based on the market value and published before the Offering
- The Shares will be sold on the Moscow Exchange pursuant to its applicable settlement procedures
- Renaissance Capital, BCS, IC ITinvest and Aton are the joint bookrunners of the Offering
RPC UWC’s audited consolidated financial statements will be issued prior to the Offering.
In 1Q 2017 the Holding produced 4.6 thousand railcars, 51% increase over the same period of 2016. Quarterly result are in line with RPC UWC production plan for 2017 – 18-20 thousand railcars.
Roman Savushkin, RPC UWC CEO, said, “We are happy to announce another step forward in the Holding’s public development. UWC, a dynamically growing company and a strong leader in the railcar industry, attracts interest in the market. The shares will be offered to a wide range of investors including institutional and retail ones. The SPO will raise extra capital to implement our strategic projects and optimize the debt load. Achieving these goals will contribute to further growth of UWC’s financial indicators and its market value”.



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