Slavytych Clarifies Amount of Additional Emission.

At their AGM on October 10, shareholders in the Slavutych Brewery (SLAV) are to vote for a $59m, (150%) increase in the company’s charter fund (298 mln of  additional shares to be issued at UAH 1 par) – more than the $50m initially planned. According to the company’s management, 40% of the attracted funds will be spent to increase in production capacities at its Zaporizhzhya plant, 22% to increase in production capacities for Pepsico brands and 20% for development of logistics and marketing. The first stage of the emission will be conducted on November 15 2006 to October 31 2007, the second stage, from November 1-15 2007. The management said the consolidation of Baltika Beverage Holding assets in Ukraine (the group owns the SLAV and Lviv breweries), is similar to Russia, will be possible only after subscription. Olha Pankiv: The rapidly growing beer market makes capacity expansion a logical step, however, SLAV’s liquidity is likely to decrease during long subscription period.