OREANDA-NEWS  On 02 October was announced, that the general meeting of Ukrrechflot shipping company (PFTS: FLOT) held September 23, decided to increase its registered capital 2.18 times or by USD 6.68 mn – to USD 12.37 mn by new shares issue.

The shareholders decided to issue 92.64 mn common registered shares with par value of USD 0.072 a share. The shares placement is planned for December 1, 2008 – January 31, 2009. At the same time, to allow the shareholders to realize their preemptive right to purchase the shares pro rata to their contribution in the registered capital the first stage will be envisaged lasting till December 12.