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Europlan completes additional share placement

PJSC «Europlan» completed its additional share issue, having placed 88,660,791 shares or 70.37% of the issuance.

The shares were offered at a price of 720 Russian rubles apiece and have a face value of 0.67 ruble per share, the company said in its Dec. 13 regulatory filing.

The Russian leasing company noted that 20,833,333 of the placed shares were paid for with cash. Those shares were offered in the company's secondary public offering carried out at the beginning of December.

The remaining 67,827,458 shares were exchanged for the shares of nonstate pension fund NPF Safmar and insurance company VSK. The share swap is part of earlier announced plans to transform Europlan into a financial holding company grouping together the leasing, insurance and pension assets of Safmar Group, which controls the leasing firm.

As of Dec. 13, US$1 was equivalent to 60.70 Russian rubles.