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17 August, Thursday

Ufa   °

Sotsinvestbank shareholders decided on the follow-on offering of 1.02 billion rubles

Business

UFA, 22 April 2015. /Bashinform News Agency, Elvira Latypova/.

Shareholders of public joint-stock company Sotsinvestbank at the annual meeting on April 20 decided to increase the share capital by placing additional issue of ordinary shares, totaling 1.02 billion rubles. This was reported by the bank.

170 million ordinary shares with a par value of six rubles each are to be placed by public offering. The placement price is set at face value, including for shareholders with pre-emptive right to acquire securities of the additional issue.

Currently, the Sotsinvestbank’s authorized capital is 2 billion 4 rubles (94.91 percent owned by the chairman of the Board Sergey Tabolin). Thus, with full placement of the additional issue the authorized capital of the bank will be increased by 51 percent and amounted to 3.02 billion 4 rubles.

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