SIBUR Holding cuts charter capital in half due to merger with CJSC Miracle
MOSCOW. Feb 17 (Interfax) - CJSC SIBUR Holding has cut its charter capital in half, extinguishing 21,784,788 shares as a result of its merger with CJSC Miracle, SIBUR said in a press release.
The shares were extinguished on February 7.
At an extraordinary meeting on October 6 of last year, SIBUR Holding shareholders decided to reorganize the company by merging it with CJSC Miracle, which owns 50.02% of the holding's shares.
CJSC Miracle is a 100% subsidiary of SIBUR's only shareholder, SIBUR Limited.
Leonid Mikhelson is SIBUR Limited's main shareholder, with a 57.5% stake. Gennady Timchenko owns 37.5%, and the remaining 5% belongs to SIBUR's management and chairman of the board of directors Alexander Dyukov.
After the shares were extinguished, SIBUR had charter capital of 21,784,791,000 rubles divided into 21,784,791 shares of par value 1,000 rubles each.