Russia’s NOSTA BANK (Novotroitsk, Orenburg Region) has completed a procedure of issuance of new shares to raise the equity capital 6.5 times to R99.507 million. The Chief Directorate of the Russian Central Bank for the Orenburg Region registered a report on the results of share issue, worth R84m. The placement of securities began on February 1, the bank placed 8.4 million shares, R10 each, through a closed subscription. The issue was not accompanied with the registration of securities prospectus.
Source: KOMMERSANT, March 6, 2007
