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Sova Capital Acts as Joint Global Coordinator of BELUGA GROUP’s SPO

09 Jun 2021

Sova Capital acted as Joint Global Coordinator and Joint Bookrunner of BELUGA GROUP’s secondary public offering (SPO) of ordinary shares on Moscow Exchange.

Selling shareholder Tottenwell Limited sold 2,000,000 shares, representing approx. 12.7% of the company’s share capital. The offering was priced at RUB 2,800 per share.

Alina Sychova, Sova Capital’s Head of Capital Markets Origination, commented on the deal:

“This is an important milestone for BELUGA GROUP, as the company doubled its free float and expanded its base of international investors. During the year Sova Capital has been acting as Corporate Broker for BELUGA GROUP and we are happy to see our market intelligence and equity story positioning have supported the company in its capital raising. We look forward to continuing our joint work and supporting BELUGA GROUP in achieving its strategic goals.”