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SHAREHOLDER EQUITY AND DEBT SECURITIES
PJSC NCSP charter capital totals 192,598,154 rubles. It is divided into 19,259,815,400 shares with a par value of 0.01 rubles.
Novoport Holding Ltd. and the Federal State Property Management Agency, or Rosimuschestvo were the biggest shareholders as of December 31, 2010 with 50.1% and 20%, respectively. The other 29.9% is held by minority shareholders and represents the free float. This includes the shares heldby J.P. Morgan Bank International as nominal shareholder for the GDR program. As of 31 December 2010 GDR accounted for 18.81% of NCSP outstanding shares.
PJSC NCSP made an initial public offering (IPO) in early November 2007 on the international and Russian markets. The IPO was for 19.38% of company shares, including some 14% offered on the London Stock Exchange (LSE : NCSP) as global depositary receipts (GDR) and more than 5% offered as common stock on R ussia’s RTS.
The IPO was placed at the upper end of the price range for $0.256 per share and $19.2 per GDR (one GDR represents 75 shares).
Morgan Stanley and Troika Dialog were the global coordinators, lead managers and bookrunners for the IPO. PJSC NCSP was included in the MICEX B listing in July 2008.
The Group in May 2007 placed $300 million in Loan Participation Notes through Novorossiysk Port Capital S.A., a special purpose vehicle registered in Luxembourg for the issue. The LPN mature in five years and carry a 7% coupon that is paid every six months.
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