Dniprometiz Increases Equity by 256%
11 January 2008
At their EGM yesterday, Dniprometiz (DMPO: BUY) shareholders approved a decision to increase charter fund by 256% via an additional share issue to finance its CapEx program. By 2010, Dniprometiz plans to almost double its annual production capacity to 200 ths mt. Subscription will be held in two stages: during the first stage, investors will be able to subscribe on a pro-rata basis from March 31 to April 08, and the second stage will take place from April 9 to April 11. The subscription price is set at par, USD 13.5 per share (see yesterday’s flash note).
