OREANDA-NEWS. Moscow Exchange will start accepting bids on 14 October for Alrosa shares to be placed during the IPO. Bids will be accepted via brokers with the use of the exchange's bookbuilding mechanism from 10:00 am MSK on 14 October until 19:00 MSK on 25 October. The bids will be allotted on 28 October.

Bids may be submitted to buy shares through the exchange's bookbuilding mechanism via your broker.

VTB Capital will act as agent in the bidding process. To submit a bid, investors should send a direct order with activation on 28 October to VTB Capital.

The minimum bid size is RUB 35,000.

Two types of bids are available:

Bids to buy a definite number of lots (minimum lot size 100 shares) in which the purchase price is specified;

Bids to buy securities “at the counteragent's price” for an amount specified in the bid.

The bid price must be between RUB 35 and RUB 38 (for bids with lots indicated therein).

Orders that comply with the IPO terms will be filled, with one offer price for all bids and the number of shares to be sold being indicated. Allotment will be carried out from 9:30 am - 10:00 am MSK on 28 October.

Allotment procedure

Bids for RUB 100 mln and more will be filled to the extent defined by the Seller and after smaller bids are filled. Bids submitted by a member via their own account will be added together as well as bids submitted by the broker on behalf of certain end client; bids totalling more than RUB 100 mln will be filled as described above for large bids.

If volume of bids does not exceed the offer volume, all bids will be filled at the offer price.

Bids for RUB 100 mln and more will be filled to the extent defined by the seller and after smaller bids are filled. Bids submitted by a member via their own account or the account of an end client will be added together; bids totalling more than RUB 100 mln will be filled as described above for large bids.