WGC-5 Global Depositary Receipts Placed
OREANDA-NEWS. WGC-5 has finalized offering of its global depositary receipts. Share of company's equity made up 2.6% to the amount of issued GDR, Veles Capital reports with reference to the company. Just below half of the total amount of ADR and GDR holders of UES, 42.3% became owners of WGC-5 GDR. The other 22.3% are preferred shares of generating company. Hence, 64.6% of ADR and GDR holders of UES announced their intention to become owners of WGC-5 securities. WGC-5 GDR results of offering could indicate interest of foreign investors towards the company. The fact that 64.6% of UES holders decided to become shareholders of WGC-5 is a sound result in the view of experts. This means that most of foreign investors have positive vision of the company.
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