KTK plans to attract $295 to 398 m by placement of up to 14.9 m of its shares ranging from $7.7 to 10.4 per share and selling c 23 m shares belonging to its principal beneficiaries, Igor Prokudin and Vadim Danilov.
This is c 38.6 per cent of the newly increased charter capital of the company that plans to be listed with RTS and MICEX. The company counts on placing the shares in compliance with Reg S both in Russia and abroad.