OREANDA-NEWS. On 06 August 2008 was announced, that the Federal Financial Markets Service (FFMS) of Russia has registered an additional issue of 87,804,880 registered uncertified OJSC RTM's shares having a par value of 0.001 rubles per share, which will be floated for public subscription.

The additional issue of OJSC RTM's shares, which was approved by the extraordinary general meeting of shareholders of OJSC RTM as of March 3, 2008, is firstly aimed at the exercise of the existing shareholders' preemptive right to purchase the shares. The list of shareholders with the preemptive right to purchase the additional shares was compiled as of January 21, 2008.

OJSC RTM is planning to spend the funds raised as a result of the additional issue on financing of new projects that will be implemented within the framework of expansion of the company's strategy, i.e. mixed-use projects that will include shopping, hotel, office and residential premises and complex territory development, which will include construction of super-regional shopping and entertainment centers and residential districts.

OJSC RTM will carry out further stages of its additional shares' issue in conformity with the Russian law, as well as with decision for additional shares' issue and with the prospectus. OJSC RTM will disseminate these documents upon receiving the official notification about state registration from FFMS.