Slavutych Brewery To Increase Charter Fund by 72.2%

Slavutych (SLAV: BUY) shareholders approved a 72% charter fund increase at their EGM on Nov. 23. The charter fund will grow to UAH 853.7 mln (UAH 169 mln) through an additional share issue. Subscription will be two-staged: (1) Dec. 20, 2007 to Aug. 4, 2008 and (2) Aug. 5 to Aug. 30, 2007. The attracted capital will be directed at expanding production capacity.