Creative Group Looking to Reduce Par Value of its Shares
11 March 2008
According to Ukrainian News agency, Creative Group (CREA: N/R) is considering reducing the par value of its shares from UAH 2,000 (USD 396) to UAH 20 (USD 4), while the volume of the company’s charter fund will remain unchanged. The company’s shareholders will vote on the issue at their AGM on April 21, 2008. If the AGM approves the issue, we expect it will positively affect stock liquidity by making a higher quantity of shares available on the market.
