OREANDA-NEWS. Shareholders of SUEK at the extraordinary meeting on November 14, 2006 will consider the issue on quantity of declared shares.

According to AK&M, according to the offer of Board of directors of SUEK, the limiting quantity of declared shares will make 514,8 million shares with the par value of 0,005 roubles.

The limiting size of quantity of declared shares under the charter of the company makes 9,999 million with the par value of 1 thousand roubles for today. It is in 7 times more than quantity of the placed shares.

On October 5, FSFM has registered the share issue of SUEK placed by converting at stock split. As a result, the authorized capital of the company consists from 257,4 million shares with the par value of 0,005 roubles each. At the same time, if shareholders vote for change of quantity of declared shares- up to 514,8 million - the factor of parity of the placed shares with quantity of declared ones will decrease to two.

OJSC “SUEK” provides about 30 % of deliveries of coal in the home market and approximately 20 % of the Russian coal export. Branches and divisions of the company are located in Krasnoyarsk, Primorski and Khabarovsk regions, Irkutsk, Chita and Kemerovo oblasts, in Buryatiya and Khakassia.

In 2005, enterprises of SUEK have increased coal mining by 3,5 % - up to 84,4 million tons. SUEK also is the largest strategic investor of Far East and East Siberian power supply systems. The companies own controlling interests in Altaienergo, Chitaenergo, Buryatenergo, Khabarovskenergo, Kuzbassenergо, Dalenergo, Amurenergo, Omskenergo, Krasnoyarskenergo and Yakutenergo.

Basic shareholder of SUEK is Cyprian offshore Donalink Ltd., beneficiaries - co-owners of MDM-bank and EvroChem Andrey Melnichenko and Sergey Popov.

The net profit of the company in the first half of 2006 has made 12,697 billion roubles, the proceeds - 30,746 billion roubles.