The shareholders of M.Video-Eldorado have completed the additional financing process in the amount of 30 billion rubles, the launch of which was announced in March 2025. The funds were fully credited to the company's accounts. The investments will be used to implement the company's new development strategy for 2025-2027, the key areas of which were presented to the investment community in April this year. This is stated in the company's message.
The final part of the recapitalization process will be the additional issue of the company's shares by closed subscription. The decision to hold it was made at a meeting of the Board of Directors of PJSC M.Video" May 13. As a result of the additional issue, it is expected that the cash flow to the company as part of the recapitalization will be reflected accordingly in the distribution of ownership shares among shareholders.
A number of major shareholders and investors have already confirmed their participation in the additional issue. At the same time, all current shareholders, including minority shareholders, will be able to exercise their pre-emptive right to purchase shares, having the opportunity to increase the number of shares of the company in their portfolio. M.Video-Eldorado expects that the minority shareholders will actively participate in the additional issue and support the company in the implementation of the new three-year strategy.
The key parameters of the additional issue are planned to be approved at the annual meeting of the company's shareholders on June 17, 2025. The cost of 1 share will be determined by the Board of Directors no later than the start date of the placement. It is planned to complete the placement of shares in the third quarter of 2025.
The M. Group.Video-Eldorado" (PJSC "M.Video") is a Russian company in the field of electronic commerce and retail of electronics and household appliances, uniting the brands "M.Video" and "El Dorado".
The net loss of M. Video-Eldorado under IFRS for 2024 amounted to 20.1 billion rubles. compared to a loss of 6 billion rubles a year earlier. The company's revenue increased by 4% to 451.6 billion rubles. Gross profit remained almost unchanged at 91 billion rubles.
