PRIME-TASS. The sole shareholder of Rostov-headquartered Stella-Bank, which holds 100% of the voting stocks, approved this week a decision to issue additional shares worth Rub 30 mln, after the placement of which the lender’s charter capital will rise from Rub 180 mln to Rub 210 mln, the lending institution’s press service reported. The shareholder also decided on the cap of authorized common shares (3.2 mln securities).
The additional share issue will consist of 300,000 common shares with Rub 100.00 par value each. The shares will be floated via closed subscription in favor of Konstantin Averin, the lender’s sole shareholder. The additional shares are to be placed after the SPO decision is registered and the SPO will expire in a year after its state registration.
