OREANDA-NEWS. The company Sollers, which owns 96.44% of the Ulyanovsk Automobile Plant, announced about compulsory redemption of the remaining securities: the company will pay 1.54 rubles for each common share, privileged - 1.02 rubles.

According to the newspaper "Vedomosti", on the same terms "Sollers" redeemed shares of UAZ under mandatory offer announced in April. According to the law, the compulsory redemption price shall not be lower than the mandatory offer and not below the weighted average stock price over the last six months, reminds the analyst at IFC "Metropol", Andrei Rozhkov.

The weighted average price of ordinary shares of UAZ (preferred shares are not traded by the plant) for the last six months was 1.51 rubles.