01 October 2013, Tuesday, 16:23

UMPO can involve 5,04 billion rbl. as a result of an additional issue

author: Elvira Latypova

On September 27, shareholders of JSC "UMPO" at their extraordinary meeting made a decision on increase in the authorised capital of the company by placing additional ordinary shares in number of 240 million items with a face-value 1 rbl. each, the company’s press release informs.

Thus, the authorised capital will increase by 77,6 percent — from 309 114 thousand rbl. to 549 114 thousand rbl.

The placing price of additional shares is 21 roubles per item. As a result of the issue UMPO can involve 5,04 billion rbl.

The additional issue takes places as private placement in favour of Oboronprom Corporation.

According to FZ «On joint-stock companies», the shareholders of the company who voted against or did not participate in voting on shares private placement have the pre-emption right of acquisition of additionally issued securities.