Fri, 27/06/2014 - 19:17
MINSK, 27 June (BelTA) – The initial public offering (IPO) of the public joint-stock company Gomel Fat Factory (Gomelsky zhirovoi kombinat) will begin on 17 July, BelTA learned from the published offering memorandum.
For the sake of carrying out people's IPO the company has released extra 4,035,000 ordinary shares with the face value of Br18,800 and the total value of Br75.858 billion. The extra shares will be offered for public sale via OAO Belarusian Currency and Stock Exchange. BelTA reported earlier that the additional issue will be sold to natural and legal persons, residents and non-residents of Belarus without any restrictions.
The initial public offering will end once all the shares of the additional issue are sold or by 1 September 2014 at the latest, the offering memorandum reads.
Gomel Fat Factory was commissioned in 1932. In January 2005 it was reincorporated as a public joint-stock company. It is Belarus' largest oil and fat industry enterprise. The company offers sunflower oil, colza oil, and blended sunflower and colza oil, margarine products (solid margarine, confectionery fat and cooking fat), mayonnaise, sauces based on mayonnaise, ketchups, beauty soap and laundry soap.
As of 1 May 2014 the charter fund of OAO Gomel Fat Factory was about Br233 billion. It was divided into 12,394,144 ordinary shares with the face value of Br18,800. The state share in the company's charter fund is 99.43% (12,323,610 shares), the share of natural persons is 0.4% (49,967 shares), and the share of legal persons is 0.17% (2,567 shares). If all the extra shares are sold, the state share in the charter fund will drop to 75.01%.
In 2013 OAO Gomel Fat Factory secured profitability of sales as high as 6.8%, with profit at Br37.9 billion and net profit at Br1.3 billion.
source: http://eng.belta.by/all_news/economics/Gomel-Fat-Factory-to-start-peoples-IPO-on-17-July_i_74067.html
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