OR Group is ready to resume footwear production at the S-TEP factory in Berdsk. In the six months that have passed since the plant was shut down, the company has managed to solve the problems that have prevented it from restarting production. Company notes the continuing demand for shoes that were produced at the factory under the S-TEP brand, as well as the...

OR Group shares rose 77% in two days, from ₽4.3 to ₽7.63 per share. Growth in quotations was caused by the news about the intention of the shoe factory "S-tep", a part of OR Group, to avoid bankruptcy by signing a settlement agreement with the key creditor Brest Plus ChOP. In October in courts of arbitration in Moscow and Novosibirsk region received at least...

OR Group decided to hold a general meeting of bondholders simultaneously for all bond issues on December 26. Сompany plans to coordinate and send to the depositary all documents required for voting, after which a material fact about the general meeting of bondholders will be published.

Option of debt restructuring by OR Group in the form of increase in the term of circulation of securities to 15 years at a coupon rate of 1% per annum was supported by 42% of bondholders. Conversion of the debt into equity was supported by 34% of the bondholders. Prolongation of the debt for 12 years at a coupon rate of 0.1% per annum was supported by 24% of...