In late July, "Uralkali" has announced changes in the sales policy:to earn on lower costs and large quantities. That change initiated an avalanche on stock exchanges,as the quoted price not only of the company, but also its competitors, collapsed by tens of percentage points. It happened on July 29, Monday. And on July 26, Friday, the company announced that its shareholder Alexander Nesis had sold his 5.1% stake.
General Director of "Uralkali" Vladislav Baumgertner in an interview with "Vedomosti" rejected the assumption that Nesis could be insider: "The company's management does not provide shareholders with any information that would not be public and would not be known to the financial market." Federal Financial Markets Service is not said nothing definite. Service requested from the exchange information on transactions with securities of the company, said its spokesman. The issue of verification, according to him, will be considered after reviewing the submissions received.
"Vedomosti" decided to find out exactly how to come out of "Uralkali" Nesis. In "Uralkali" report said that the ICT group (KholdiMr. Nesis) sold shares of "small packages on the Exchange and in the OTC market, buyers were the structure, representing different portfolio investors."
The stake was sold in June - July, according to a representative of the ICT group. But in fact, the group got rid of "Uralkali" shares in June, told "Vedomosti" a few well-informed sources, a person close to the company, a person close to its shareholders, and the bank employee, who took part in one of the transactions.
Shares listed on the Moscow stock exchange - the "Uralkali" exhausted the limit conversion of ordinary shares in the GDR, knows one of them.
Why, then, "Uralkali" not informed about this in June or early July? By law a shareholder must notify the company of his resignation from the capital no later than 10 days after he found out about it, and listed companies - not later than the day after, the lawyer said, "Hrenov and partners" Dmitry Lobach. The stake was sold in stages for complex structured contracts options and forward exchange contracts with a number of Russianand banks, explained the bank employee, who took part in one of the transactions with the shares of ICT. Therefore, some time was still the owner of the ICT market, but could not dispose of them.
On Tuesday, Alfa-Bank in a report disclosed that owns 2.8% of "BRIC". A source close to "Uralkali", says that the bank was involved in transactions with the ICT group (representative of the bank did not respond to the questions).
A person close to "Uralkali", indicates that Nesis not suddenly sold his shares, and it has consistently sold out for a long time. ICT has played in the history of the merger of "BRIC" and "Silvinit", and when it ended, at any opportunity to sell shares, he explains.
Nesis became a shareholder of "BRIC" with Suleiman Kerimov and Filaret Galchev, in June 2010 - they bought 53.2% of shares from Dmitry Rybolovlev. Nesis then received 15% of the $ 1.5 billion. A year later, "Uralkali" teamed up with "Silvinit", then Nesis package was reduced to 12.8%. And since then he's really only decreased: what proportion of Nesis - already 5.1%, was the newsfor more from the April memorandum to the debut Eurobonds "Uralkali".
This summer exchange conditions conducive to the sale of "Uralkali". On June 6 I hit the annual maximum capitalization on the Russian site - 682.9 billion rubles. The average daily trading volume on the Moscow Stock Exchange in June amounted to 0.21% of the capital, while it was 0.15% in May. According to Bloomberg, in April - July, a few Western and Russian companies, such as Vanguard Group, Pictet Funds, HSBC, Compass EMP, Maxwell, Gazprombank and "revenue" slightly increased stake in the company. From late May to mid-July its shares bought himself "Uralkali" - an average of $ 100 million a week (this was done on the repurchase program, adopted in November 2012).
For the group of ICT investments in profitability "Uralkali" was about 15% per annum, said a source close to the group.