Stakhaniv Wagon Works EGM Scheduled To Vote On Additional Share Issue

Stakhaniv Wagon Works (SVGZ: BUY) announced today that they had scheduled an EGM for September 17. The EGM agenda includes voting on a three-fold (USD 5.23 mln) share capital increase to USD 7.85 mln. Inna Perepelytsya: We expect the additional shares to be sold at par value – USD 0.208. The share capital increase will be held in two stages: in the first stage shareholders will be able to proportionally subscribe for new shares at USD 0.4575 per share they own. The market price per share adjusted for the new issue is USD 5.83 versus the current USD 18.2.