The Bank of Russia's department for licensing and rehabilitation of lending institutions registered on March 2, 2015 an additional issue of common non-documentary registered shares of Bank Financial Corporation Otkritie to be placed via conversion, the Bank of Russia said on its website.
To remind, this January Bank FC Otkritie and Petrocommerce shareholders approved Petrocommerce's takeover by Bank FC Otkritie, and the reorganization procedure was announced in late January. There are plans to roll out corporate investment business of banking group Otkritie on the basis of the merged bank.
Following conversion of Petrocommerce shares Bank FC Otkritie's charter capital will rise Rub 925 mln (18.5 mln shares of the additional issue with par value of Rub 50 apiece will be floated).
Another Rub 4.9 bln will be added to Bank FC Otkritie's charter capital after the placement of 98 mln preferred registered non-documentary Class A shares with indefinite dividend payouts. The issue of preferred shares was also registered by the Central Bank of Russia on Monday. Preferred shares have the same par value of Rub 50 per share, and the shares will be floated at par. As posted on Bank FC Otkritie's website, the bank's preferred shares will be purchased by the Russian Federation in the name of a government-authorized executive body or Vnesheconombank.
At present, Bank FC Otkritie's charter capital is roughly Rub 7.79 bln.
