OREANDA-NEWS. October 14, 2009. An Extraordinary General Shareholders’ Meeting (EGM) of Promsvyazbank (PSB), held today in Moscow, approved an increase of the charter capital of PSB through an additional issue of ordinary shares, reported the press-centre of Promsvyazbank.

PSB’s charter capital is projected to increase by RUB 1.45 billion resulting from a private placement of 144 850 846 000 additional ordinary shares. In addition, PSB shareholders’ equity will increase due to an increase in share premium resulting from the placement of shares. The share price will be set at PSB’s Board of Directors meeting preliminarily scheduled for November 2009.

The European Bank for Reconstruction and Development (EBRD) and Commerzbank Auslandsbanken Holding AG (Commerzbank) – are expected to participate in the issue of shares. Commerzbank’s existing stake in PSB’s charter capital will thereby remain unchanged.

Following the completion of the additional share issue, the shareholder structure of PSB’s charter capital is expected to be as follows: Promsvyaz Capital B.V. – 72.9344%, Commerzbank – 15.3199%, and EBRD – 11.7457%.

The beneficiary owners of Promsvyaz Capital B.V. are Messrs. Alexey Ananiev and Dmitry Ananiev. Commerzbank Auslandsbanken Holding AG is a 100 per cent subsidiary of Commerzbank AG, one of the largest banks in Germany.