Mikhail Prokhorov exercised a put option to repurchase 39.42% shares of IFC Bank

31 May

Mikhail Prokhorov bought out 39.42% of the shares of IFC Bank earlier owned by WINTERLUX LIMITED. The shares were bought within the put option agreement concluded by the parties on August 30th, 2016, and exercised by Winterlux Limited on February 22nd, 2018. The agreement on purchase of this stock from Winterlux Limited was signed by the parties on March 23rd, 2018.

On May 21st, 2018, Mikhail Prokhorov obtained a prior consent of the Central Bank for the increase of the participatory interest in IFC Bank; and on May 29th, 2018, Winterlux Limited’s stock of the shares in the IFC Bank Share Register was reregistered in the name of Prokhorov M.D.