SKB-Bank goes through with share issue

16 April 2008 (09:05)

SKB-Bank is to start handling an issue of registered ordinary uncertificated shares on April 21, 2008. This additional share issue was registered on March 20, 2008 by the Central Bank’s Licensing Department (the state registration number is 10600705В012D).

Each of the issue’s 471,630,000 shares has a face value of 1 RUR, while the selling price will come to 3.7 RUR apiece, even for shareholders with preemption rights; the shares are most likely to be acquired by the European Bank for Reconstruction and Development and Sinara Group; the stock cannot be classed as the issuer’s bonds or options.

The bank’s shareholders who voted against the increase in the company’s authorized capital or did not take part in the voting process altogether will be given a preference in that they can buy as many registered ordinary uncertificated shares as is proportional to the amount of this kind of shares they have already got.

This information was published in compliance with the demand that any issuer and/or a joint stock company must promptly reveal any essential information that might influence its stock price.

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