OREANDA-NEWS. August 24, 2010. The extraordinary General Shareholders Meeting of JSC “UkrSibbank” decided to raise the authorized fund of “UkrSibbank” by UAH 2,231,665,200.00 up to UAH 7,511,665,200.00. This will be achieved by increasing the number of shares with the existing par value through making additional contributions, reported the press-centre of UkrSibbank.
 
The fund will be increased via closed (private) placement of 29,609,973,600 common registered shares for the amount of UAH 1,480,498,680.00 at UAH 0.05 par value and 15,023,330,400 “A”-class preferred registered shares for the amount of UAH 751,166,520.00 at UAH 0.05 par value. The shares will be placed with the existing shareholders of the Bank.
 
In addition, the General Shareholders Meeting has decided to uphold the letter of resignation filed by Sergiy Naumov as he is joining another company. The Meeting decided to terminate (revoke) Mr. Naumov’s authorities of the Chairman of the Management Board from September 6, 2010. At that, Philippe Yves Henri Joannier is appointed to be the new Chairman of UkrSibbank’s Management Board from September 30, 2010. For the period from September 7, 2010 and up to the day when Mr. Joannier takes office the Meeting decided to delegate the functions of the Board’s Chairman to Sergiy Panov, Deputy Chairman of the Management Board, Head of Legal Department.