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VTB North-West offer final results.

 
24 December 2007

On 24 December 2007, VTB 24 (CJSC), a retail arm of VTB Group, has announced the final results of VTB North-West share purchase/exchange offer.

From 15 November to 14 December 2007, 129,947,886 shares were purchased or exchanged, which accounted for 10.31% of VTB North-West authorized capital. Half of those shares were exchanged for VTB  shares, and the rest was sold by investors. 10,101 shareholders participated in VTB 24 offer through VTB North-West sales network.

Over 44% of the shares acquired were sold/exchanged by individuals, about 49% - by institutional investors, the rest - by corporates. The majority of shares (98%) were sold/exchanged in St. Petersburg and Moscow. The rest - in Ekaterinburg, Krasnodar, Nizhny Novgorod, Kirov, Murmansk, Perm, Kaliningrad and other Russian cities.

For VTB North-West shareholders, who couldn't use the VTB24 opportunity to exchange/acquire VTB North-West shares under the offer, VTB24 made a decision to consider the issue of executing individual sale and purchase agreements from 19 December to 29 December 2007 in the offices of VTB North-West where the above agreements were signed. Until now, agreements with another 78 shareholders, who held 0.51% of VTB North-West authorized capital, were signed.


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