SKB-Bank increases authorized capital

1 February 2008 (09:01)

SKB-Bank’s extraordinary general meeting took place on January 28, 2008. The majority of voters (99.998348%) decided to raise the bank’s authorized capital through an additional issue of 471,630,000 ordinary uncertificated registered shares with face value of 1 RUR each. In addition, the voters agreed to allow the shares to be sold for 3.7 RUR per share. The European Bank for Reconstruction and Development and Sinara Group are the most likely buyers of this share issue.

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