11 Nov 2009 19:18

TGK-2 genco could issue up to 15 trillion new shares

MOSCOW. Nov 11 (Interfax) - Shareholders in the TGK-2 territorial generating company November 11 voted to increase authorized shares by 15 trillion ordinary shares which, if issued, could bolster its share capital almost ten-fold.

The genco said in a statement that the shareholders approved amendments to the company's charter to enable this.

TGK-2 has 1,458,401,856,250 issued ordinary shares and 16,500,533,681 issued preferred shares, or a total of 1,474,902,389,931 issued shares, par value 0.01 rubles each.