MHP’s equity offering bookrunners partially execute overallotment option

MHP (LSE: MHPC LI) announced last week in an RNS release that the joint bookrunners of its equity offering partially executed the over-allotment option to purchase 1,429,668 GDRs, representing USD 23.6 mln in gross proceeds. MHP said that as a result, approximately 11.4 mln GDRs were sold in connection with the offering, with the total offering size at approximately USD 188.6 mln. The over-allotment period is closed and no additional shares are to be sold pursuant to the option. The selling shareholder of the secondary offering was MHP beneficiary Yuriy Kosiuk, not MHP itself.