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Kuban'energo OAO Approves Additional Share Issue-Interfax


Thursday, 21 Mar 2013 02:47am EDT 

Interfax reported that the shareholders in Kuban'energo OAO at an extraordinary meeting decided to increase the Company's charter capital via the placement of an additional issue, the Company said in a statement. The Company intends to place 214.887 million ordinary shares, par value RUB 100 each, under open subscription at a placement price of RUB 121.82. Therefore, proceeds could top RUB 26.176 billion. The price was determined on the basis of the weighted average transaction prices with ordinary Kuban'energo OAO shares on the MICEX Stock Exchange between February 1, 2012 and January 31, 2013, the statement said. Interfax was unable to obtain comment on the purpose of the additional issue. 

Company Quote

40.8
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