M.Video Shareholders Approve Private Share Placement

M.Video shareholders have approved changes to the parameters of the company's additional share issue, replacing the previously planned public offering with a private placement of 500 million ordinary shares. The company expects to complete a RUB 30 billion recapitalization with the participation of existing shareholders and investors. Potential subscribers include CapitalGard LLC, SFI PJSC, SFI Capital LLC, and Lenbury LLC. The funds raised will be used to implement M.Video's strategy of developing a multi-category marketplace and expanding its network of partner pick-up points and parcel lockers.