Russian Timber Group (RTG) Ltd has announced that the shares on offer as part of its listing on the London Stock Exchange’s (LSE’s) Alternative Investment Market (AIM) will be valued between 90-110 pence.
The price range gives RTG the opportunity to raise £125m from the listing, which it has said will be used to fuel future growth and pay off some of its debt.
“RTG has exciting growth opportunities ahead in an expanding sphere of the natural resource sector and in close proximity to the expanding markets in China and Asia,” said chief executive officer Leo Hambro.
“We hope that it will prove to be an attractive investment proposition for investors.”
The flotation is due to take place in the second week of November and will make RTG the first Russian forest products company to list on the LSE.
