Softline Projects

History

2024

Redemption of 927,600 shares of PJSC Softline on the Moscow Exchange

PJSC Softline, a provider of solutions and services in the field of digital transformation and information security, developing a comprehensive portfolio of its own products and services, on October 28, 2024 told TAdviser that the Group's controlled company, Softline Projects LLC, acquired 927,600 shares of PJSC Softline on the Moscow Exchange from October 18 to October 24, 2024.

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Official Telegram channel "Softline"

As a result, the stake in PJSC Softline, owned by Softline Projects LLC, increased to 67.3 million shares. According to Softline, the shares acquired as part of this repurchase will be used to finance M&A the company's transactions and provide option programs for motivating employees.

According to Alexandra Melnikova, Director of Investor Relations at PJSC Softline, the additional demand created by Softline Projects LLC as part of the buyout supports the quotation of the company's shares, and also creates additional liquidity.

"The decision to repurchase was made, among other things, in the interests of the shareholders of our company, who, like us, consider PJSC Softline to be an unjustifiably undervalued business with excellent prospects for growth," added Alexandra Melnikova, director of investor relations at PJSC Softline.

Purchase of 60% of the developer of digital solutions for the OMZ-IT industry

In mid-August 2024, Softline announced the purchase of 60% of OMZ-Information Technologies (OMZ-IT LLC). Read more here.

Transfer of 3.8% of Softline shares to Bank Sinara

Softline, a provider of solutions and services in the field of digital transformation and information security, on April 8, 2024 announced to TAdviser the completion of the transaction to transfer 3.8% of its ordinary shares owned by a subsidiary of the group - Softline Projects LLC, ECM & Private Equity, to the Sinara Bank division. Earlier, the group announced an agreement in principle on this deal. Read more here.