OREANDA-NEWS. The Supervisory Board of the Savings Bank of Russia has considered a course of the placement of additional issue of ordinary nominal uncertificated shares of the Savings Bank of Russia by the open subscription among unlimited circle of people.

Upon termination of the validity of the priority right for purchase of shares lasted from January 30 till February 19, the Supervisory Board of the Sberbank of Russia on results of the competition of offers made by investors has defined the uniform for all investors, including people having the right of priority of purchase of shares, the price of the share placement.

The Supervisory Board approved the price of the placement at the rate of 89 thousand roubles per share.

The payment of shares by people having the right of priority of share purchase will be carried out within 7 working days: from February 22 till March 5, 2007. The information on the beginning of payment of shares, which were not placed within the limits of the right of priority, will be published after the leading and publication of results of the placement under the right of priority.