OREANDA-NEWS. December 25, 2007. OAO RTM's Board of Directors made a decision of assembling an extraordinary general shareholders' meeting on March 3, 2008. The Company's share capital increase through an additional emission in amount of 87,804,880  ordinary nominal non-documentary shares  with the nominal price of  0,001 RUR per share will be discussed at the meeting.

In case of the shareholders' approval the emission of shares will be conducted in  two steps according to the Russian legislation: first by the preemption right of current shareholders in amount proportional to the quantity of the held shares by this category and then by public offering.

The list of preemption right shareholders will be composed as of 21st January 2008. In accordance with the Russian legislation, the shareholders may use the preemption right within 20 days since publication of the notification on preemption right allowance.

The price of ordinary nominal non-documentary shares recommended by the Board of Directors cant not exceed $2.05 per share. The price for preemption right can't be less than 10% of the placement price.

"The raised funds will be used for current and new projects' financing in the framework of Company expansion," said  General Director of OAO "RTM" Eduard Vyrypaev.  "Herein we meet and will continue to meet the given commitments to our investors in frames of our current strategy. The development of shopping and entertainment centers in the regions of Russia remains in our focus and all the planned projects will be implemented. At the same time we see the potential of other segments in the regional real estate market which can contribute to the profitability growth and business diversification e.g. complex territory development including shopping and entertainment complex and residential areas as well as mixed-use projects providing commercial, hotel and residential real estate. At the beginning of next year we.ll inform about our plans in this area in more details."