Yukos to take on share issue return expenditures - News From Russia

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09 June 2004 11:12
Yukos to take on share issue return expenditures
MOSCOW. June 9 (Interfax) - Russian oil major Yukos has announced that it will take on all expenditures involved with the invalidation of its additional share issue and the return of funds to shareholders. The procedures for returning funds will be determined by the commission that organizes the removal of shares from circulation and return of funds to shareholders. Yukos notified the Federal Financial Markets Service on June 7 2004 that a share issue of 1 billion shares with par value of 0.004 rubles was invalid. Moscow Arbitration Court ruled the share issue invalid on March 1 2004 because it said Yukos had violated Russian legislation in making the issue. [RU ASIA EUROPE EEU EMRG CORA ENR STX] me
[Interfax]

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