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Bogdan Motors to approve additional shares issue on December 7

Bogdan Motors to approve additional shares issue on December 7

21 November 2011

Bogdan Motors (LUAZ UK) will hold an EGM to approve results of additional shares issue on December 7, the company announced on Friday. In April, Bogdan Motors shareholders voted to place additional 1.430 bln of ordinary shares to increase company’s share capital by 33%. Bogdan Motors has not yet disclosed the results of additional share issue, but confirmed proceeds would be used for working capital and completion of the company’s current investment projects.

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