OREANDA-NEWS. May 04, 2009. Sviaz-Bank has approved the results of the preemption exercised to buy the Bank’s extra shares, reported the press-centre of Sviaz-Bank.

In the weeks between March 12 and April 27 of this year, no one among the Bank’s Shareholders qualifying for the preemptive right to purchase the Bank’s extra shares exercised their right.

Accordingly, Sviaz-Bank’s 7 trillion extra issue registered book-entry ordinary shares will now be allotted by restricted subscription to persons designed at the extraordinary General Meeting of the Bank’s Shareholders on December 26, 2008.

A state-controlled corporation, the Bank for Development and International Business (Vnesheconombank) will take part in the restricted subscription.