Creative Group Increases Charter Fund by 50.5 times

Creative Group (CREA: N/R), a Kirovograd-based producer of oil-based products (spreads, margarine, mayonnaise, etc.), is set to conduct a 50.5 times additional share issue. The subscription will be conducted Sept. 20 to Nov. 19, 2007. The company’s EGM approved the participation of Creative Group Public limited (Cyprus) in the subscription. Earlier, Creative announced its intentions to conduct an IPO on the Warsaw Stock Exchange of a 25% stake in the company.