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XXI Century Investments AGM To Begin Laying Groundwork for SPO

XXI Century Investments AGM To Begin Laying Groundwork for SPO

15 November 2008

The agenda for XXI Century Investments (XXIC LN: N/R) AGM on December 6 includes consideration of a 26.8% share capital increase to USD 473.4 ths, which is a technical measure in line with Cyprus law. The company is considering placing additional shares among institutional investors at a discount to the market price. We confirmed with management their plans to conduct public placement of the additional shares on Warsaw Stock Exchange in 2008.

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