OREANDA-NEWS. December 31, 2010. A regular meeting of the Board of Directors of the Joint Stock Company United Aircraft Corporation (JSC UAC) took place. The meeting’s agenda covered issues of the Corporation’s additional share placement, placement of documentary non-convertible interest-bearing bonds as well as an approval of a number of related party transactions.

The UAC’s BoD made a decision to increase the Corporation’s charter capital through the additional shares placement with the following parameters: volume - 20 000 000 000 (20 billion) securities; share placement price – RUR 1.0 (one rouble) per share.

The JSC UAC’s share capital payment will be made in two forms: monetary payment in the currency of the Russian Federation and in the form of 100% of ordinary non-documentary shares of JSC Experimental Machine-Building Plant named after V.Myasishchev (Myasishschev Design Bureau) in accordance with the President’s Order # 69 of January 19, 2009.

Within the framework of the next additional shares issue the UAC’s BoD approved the Decision on additional securities issue and the JSC UAC Prospectus.

In accordance with the decision taken earlier to place 46 280 000 documentary non-convertible interest-bearing bonds with par value of RUR 1,000 (one thousand roubles) per bond, the BoD approved a number of documents (Bond Resolution and Prospectus) as well as a number of related party transactions that should be made within the placement procedure.

The BoD approved, inter alia, the deal with the issue’s underwriter CJSC VTB Capital; the Bonded Loan Agreement between JSC UAC, CJSC VTB Capital, LLC Investment Company of VNESHECONOMBANK VEB Capital, and JSC Sberbank; the Agreement on performing agency functions between JSC UAC, Finance Ministry of the Russian Federation and State Corporation Bank for Development and Foreign Economic Affairs (VNESHECONOMBANK).

The BoD also approved a number of related party transactions targeted at financing the Corporation’s subsidiaries.