UPDATE 1-Russian gold miner Uzhuralzoloto plans June share issue

(Adds order book fully covered, background) MOSCOW, June 20 (Reuters) - Uzhuralzoloto (UGC) UGLD.MM , Russia's fourth-largest gold producer, will hold a secondary public offering (SPO) on the Moscow Exchange in June, the company said on Thursday. UGC said it would issue 2-4% of its total number of shares at a price of no more than 0.84 roubles per share. The company's current market capitalisation is around 184.4 billion roubles ($2.12 billion). A source with knowledge of the deal and a Russian broker said that the order book for the SPO was fully covered within a few hours of the announcement. "(This) indicates significant investor interest in the deal," said broker T-Investments in a note. The company raised 7 billion roubles ($78 million) in Moscow Exchange's second-largest initial public offering (IPO) in 2023 at a price of 0.55 roubles per share. Applications to participate will be accepted from June 20-24, but the company said it reserved the right to complete admissions ahead of that schedule. UGC plans to increase production by more than 60% by 2026 and become a top three Russian gold miner with annual revenue of at least $1.5 billion. ($1 = 87.4455 roubles) (Reporting by Anastasia Lyrchikova and Elena Fabrichnaya; Writing by Alexander Marrow; Editing by David Goodman and Mark Potter) (([email protected]))