OREANDA-NEWS. On 03 September 2008 was announced, that the extraordinary general meeting of Bogdan carmaker (PFTS: LUAZ) held August 29, decided to boost the registered fund of the company by 33% or by USD 56 mn to USD 228 mn.

The registered fund will be increased by additional placement of 1.1 bn of common registered stock. The current par value (USD 0.05) will be remained unchanged.

The new shares will be paid for both in cash (about 10% of the announced issue) and by swapping for corporate rights to the companies of Bogdan group (almost 90% of the announced issue): Cherkasski Autobus OJSC (PFTS: CHBS), Bogdan Autobus Factory, Bogdan-Spetsavtoteknika LLC, Bogdan-Logistics LLC, and Tekhnomash-Crimea LLC.

The private offering of shares will be held by two stages: first –October 27 – November 10, 2008, and the second – November 11-24, 2008.

The new shares are to be sold at the price that may not be less than its par value and not more USD 0.31 per one share. The exact price will be set by the supervisory board.