UVZ to place 10 bln rubles of additional shares in favor of Russian property agency
MOSCOW. Nov 23 (Interfax) - OJSC Scientific Production Corporation Uralvagonzavod (UVZ) plans to place an additional shares issue worth 10 billion rubles in favor of its sole shareholder, Russia's Federal Property Agency (Rosimushchestvo), UVZ said in a statement.
UVZ's board of directors has proposed that Rosimushchestvo boost the company's charter capital via an additional shares placement. There are plans to place 10 million ordinary shares of par value 1,000 rubles each at a price equal to par value.
As possible payment for the additional issue, cash and other Rosimushchestvo assets may be used.
At the moment, UVZ has charter capital of 44.628 billion rubles divided into ordinary shares of par value 1,000 rubles each. After the additional issue, charter capital may rise 22% to 54.628 billion rubles.
UVZ is a multi-sector 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.