OREANDA-NEWS. July 29, 2008. In accordance with the order № 164 of the Regional Office of Federal Service for Financial Markets of Russia in the Central Siberian region dated July 14, 2008, state registration of the report on the results of the additional issuance of securities of Open Joint Stock Company "Transsiberian Reinsurance Corporation" was implemented.

As it was mentioned before on 29th of December of 2007 the extraordinary general shareholders’ meeting of OJSC Transsiberian Re was held. During the session there was the decision taken to increase the chartered capital of the Company by additional issue of 1 million of ordinary shares.

Adoption of additional issue was made by The Board of Directors of OJSC Transsiberian Re on 11th of January of 2008. Stocks at par of 60 russian rubles are equivalent to its placing price. The shares are placed with private placement.

After registration of the new edition of the Charter of the Corporation in tax organs, Transsiberian Re chartered capital will reach 185.7 million rubles.