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Federal Financial Markets Service Suspends Khimprom OAO's Additional Share Issue-Interfax


Friday, 14 Dec 2012 12:15am EST 

Interfax reported that Federal Financial Markets Service (FFMS) of the Russian Federation has suspended an additional issue of shares of Khimprom OAO of RUB 2.2. billion. The basis for the suspension is the necessity to attach to the prospectus information on consolidated accounting for the years 2009-2011. Moreover, the Company did not provide FFMS with the requested copies of arbitration courts' decisions dealing with claims that challenged the additional issue. As reported earlier, on December 10, 2012 the Commercial Court of Chuvash Republic dismissed the claim of minority shareholders of the Company, Mr. Vladimir Arsentev and Thelos Holdings Ltd, which have filed a claim to invalidate the decisions of the Company's General Shareholder's Meeting of March 13, 2012 regarding the additional issue of shares of RUB 2.2. billion. 

Company Quote

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14 Mar 2014