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Energomashspetsstal to Multiply Charter Fund by 154.2%

Energomashspetsstal to Multiply Charter Fund by 154.2%

25 December 2008

According to Ukrainian News, Energomashspetsstal (ENMA: N/R) voted to multiply its charter fund from UAH 39.3 mln (USD 7.8 mln) to UAH 100 mln (USD 19.8 mln) at its AGM held on December 19. The issued shares will be placed privately with the subscription period lasting from March 3 to March 26, 2008. The funds will be attracted to finance the company’s further development as well as to secure its solvency.

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