OREANDA-NEWS. July 06, 2011. At Cherkizovo Group’s Board meeting, a decision was made to set the subscription price for its additional ordinary share issue. The price of the closed subscription additional share issue and the price of the placement of the additional share issue in favour of persons that have a pre-emptive right of the purchase of the additional share issue is 854.8 roubles, reported the press-centre of Cherkizovo Group.

The subscription is anticipated to raise1.45 billion roubles in total. The additional equity will be issued once the subscription has closed.  

The decision to increase Cherkizovo Group’s authorised capital stock through the placement of 1.7 million additional ordinary shares with a nominal value of 0,01 roubles each, was made at the Extraordinary shareholder’s meeting on May 27, 2011. 

As of today, Cherkizovo’s аuthorised capital stock equals 430,690 roubles, and is divided into 43.069 million shares with a  nominal value of 0.01 roubles each.