Uralvagonzavod to boost capital by another 10 bln rubles
MOSCOW. Feb 20 (Interfax) - Russian Federal Property Agency (Rosimuschestvo), as sole shareholder, has decided in favor of boosting Yekaterinburg-based Uralvagonzavod Corporation's (UVZ) charter capital by placing 10 billion rubles worth of new stock.
UVZ says in materials that it plans to place 10 million ordinary shares at their par value, which is 1,000 rubles each, by closed subscription for cash payment in favor of Rosimuschestvo, with no preemptive right to buy.
UVZ placed 5,391,042 or 53.9% of a planned 10 million new ordinary shares at the end of 2013, also in favor of the state, for 1.528 billion rubles cash and 3.863 billion rubles worth of share in a number of other enterprises.
UVZ currently has charter capital of 50,019,205,000 rubles, consisting of 50,019,205 ordinary shares, par value 1,000 rubles each, so this could rise by 20% to 60,019,205,000 rubles.
UVZ is a diversified machine-building group, which produces around 100 types of equipment such as military hardware, road-building vehicles, all-metal gondola railcars, special-purpose railcars and railway tankers.