Azovstal to raise charter fund 0.23% to USD 216.7 mln
7 July 2008
Azovstal (AZST: BUY) will increase its charter fund by 0.23% to UAH 1.05 bln (USD 216.7 mln) via an additional share issue, shareholders decided at their AGM on Friday. Subscription will be held in two stages: (1) from September 15 to October 6 on a pro rata basis, and (2) from October 7 to October 10. Azovstal will issue 9,704,272,000 shares at par, UAH 0.25 (USD 0.05) per share.
