Severnaya Kazna shareholders to consider additional stock issue

4 April 2007 (13:50)

According to Severnaya Kazna’s official report, the agenda of the general meeting scheduled for May 18, 2007 includes an item regarding the possible increase in the company’s authorized capital through an additional share issue.

The company last went through this in October 2006, and since then, the stockholders’ shares kept being redistributed so that Severnaya Kazna’s top management now controls the blocking packet of shares. The last change took place in March 2007 when SK-Prom CEO Pavel Chernavin and Rais Garifullin sold their 19.028% and 5.002% share holdings.

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