OREANDA-NEWS. An extraordinary general conference of “Nizhnekamskneftekhim” INC shareholders was held by way of absent voting.

The authorized capital augmentation up to RUR 27,610,335,750 is planned through floating 25,780,096,000 additional ordinary nominal shares of face value 1 (one) ruble each.

Floatation mode is the closed subscription among all the shareholders proportionally to the number of ordinary shares belonging to them as per the “Nizhnekamskneftekhim” INC shareholders register figures as of 26 October 2006 at 18:00, numbering 16 additional shares per each existing share. Floatation price makes 1 rouble for each share; paying up – by cash means.