Novoship shareholders to vote on extinguishing 6% of common shares

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Novoship shareholders to vote on extinguishing 6% of common shares

MOSCOW. Feb 15 (Interfax) - Shareholders in Novorossiysk Shipping Company (Novoship, which is part of OJSC Sovcomflot), at a meeting on March 23, 2011, will vote on extinguishing 20,898,606 common shares, the company said in a statement.

The shareholder register closed on February 11.

Novoship's charter capital consists of 412,660,422 shares divided into 375,840,500 common shares and 36,819,922 preferred shares at a face value of one ruble each. Therefore, the company could extinguish 6% of its total common shares.