VTB shareholders approve additional issue for 93 billion rubles – Kommersant
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At an extraordinary meeting, VTB shareholders approved an increase in the authorized capital through an additional issue of ordinary shares by public subscription in the amount of 93 billion rubles. at face value. This was reported by the agency “Prime” with reference to the materials of VTB Bank.
9.3 trillion shares will be placed by open subscription. The nominal value of each share is 0.01 rubles.
“The placement price of VTB Bank’s ordinary shares, including for persons with the pre-emptive right to purchase them, will be determined by the Supervisory Board of VTB Bank (PJSC) no later than the start date for the placement of additional VTB Bank ordinary shares,” VTB said in a statement.
In early April, Deputy Chairman of the Board of VTB Dmitry Pyanov said that within the framework of a market additional issue, capital could be raised in the range of 50-120 billion rubles. VTB expects its registration to take place in late May or early June.
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