21 May 2008
Mironivskiy Hliboproduct (MHPC LI: N/R) announced on May 16 that joint bookrunners Morgan Stanley and UBS have exercised the over-allotment option with respect to an additional 3,225,000 GDRs. Following the exercise of the option, the total offering comprises 24,725 new ordinary shares in the form of GDRs offered by both the selling shareholder (WTI Trading Ltd) and the company, corresponding to a total offer size of USD 371 mln. This move raises the offered stake from 19.4% of MHP’s share capital to 22.32%.