11 June 2004 01:53
CenterTelecom to up charter capital tenfold
MOSCOW. June 11 (Interfax) - CenterTelecom shareholders at their AGM on Friday approved a decision to increase the
company's charter capital tenfold, an Interfax correspondent reported.
"The company's board of directors decided on the expediency of increasing charter capital to boost
capitalization. [The board] looked at increasing charter capital through additional capital and retained earning from
past years," Yelena Sidorovich, the chief of the company's securities and corporate governance department,
said.
CenterTelecom will have charter capital of 6.311 billion rubles
after the increase. It currently has a charter capital of 631.199
million rubles, which is split into 1.58 billion common shares and
Two ways to increase charter capital were reviewed: increasing par value of shares and issuing new shares. The former
method was chosen, Sidorovich said. Brokreditservice Consulting was the consultant.
525.99 million preferred shares with a par value of 0.3 rubles. [RU ASIA EUROPE EEU EMRG TEL CORA ISU STX] rm me
[Interfax] |
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