Shareholders of T-Technologies approved an additional issue of shares for the consolidation of Point

The shareholders of T-Technologies at the extraordinary meeting supported the consolidation of Tochka JSC using an additional issue of T shares. This was reported by the press service of the company.

The maximum amount of additional issue of T-Technologies for the consolidation of Tochka JSC, including the reserve provided for by law, will be 550 million shares of T. At the same time, according to the Board of Directors, about half of this volume will really be needed.

For consolidation voted 94.1% of the meeting. Turnout at the meeting was 63.6%. The parameters of the transaction – the valuation of 100% of JSC “Tochka” and the price of “T” share – will be announced in the coming weeks. They will be determined by the Board of Directors of T-Technologies on the basis of an independent assessment.