MHP’s Kosiuk to offer up to 10% equity stake in company

MHP (LSE: MHPC LI) announced yesterday in a release that shareholder WTI Trading, beneficially owned by Yuriy Kosiuk, the controlling beneficiary shareholder and CEO of MHP, is offering up to 10% of the company’s ordinary shares in the form of GDRs. The offering includes an over-allotment option, granted by WTI Trading to the bookrunners, to acquire additional GDRs representing up to 15% of the GDRs initially placed, exercisable within 30 days of the announcement of the offer price. The company and WTI Trading have agreed to enter into a lock-up agreement for 180 days following the offering.