Sokol Aircraft Building Plant boosts charter capital 12 times
NIZHNY NOVGOROD. Oct 12 (Interfax) - Russia's Federal Financial Markets Service (FFMS) registered a report on an additional share placement for OJSC Nizhny Novgorod Aircraft Building Plant Sokol (Sokol NAZ) on October 11, 2012, the plant said in a statement.
The statement said that the plant placed 445,015,484 common shares at a face value of 0.05 rubles each. This counts for 93.84% of the total additional share issue. The placement was implemented between July 23 and September 19.
It was earlier reported that FFMS registered Sokol NAZ's additional share issue on July 5, consisting of 474,219,265 common shares at a face value of 0.05 rubles each. The enterprise's shareholders acquired 394,965,484 additional shares at 3.33 rubles each by exercising preferred rights. An additional 50.05 million shares at 3.7 rubles each were placed by open subscription. As a result, the plant raised almost 1.5 billion rubles. The funds will be used for technical upgrades and reconstruction.
The plant's charter capital prior to the placement came to 2,014,658.25 rubles divided into 36,478,405 common shares and 3,814,760 preferred shares at a face value of 0.05 rubles each. Therefore, following the registration of the placement report, the facility's charter capital was boosted by 12 times.
Sokol NAZ joined OJSC United Aircraft Corporation (UAC) in 2006. As of September 30, 2012, UAC owned 88.67% in the plant (89.24% of common shares).
The plant is currently producing major components with Russian Aircraft Corporation MiG for the MiG-29K/KUB and MiG-29M/M2 fighter planes. The company is also engaged in the modernization of MiG-31 and MiG-29UB aircraft.
