Yuzhuralzoloto shareholders approve share listing

MOSCOW. Nov 2 (Interfax) - An extraordinary meeting of shareholders of JSC Yuzhuralzoloto Group of Companies (YUGK) decided to apply for listing of shares, the company reported.

The current owner of YUGK with close to 100% of shares is Konstantin Strukov.

Rumors are circulating in the market that the company may hold an IPO by the end of the year.

Earlier, the YUGK board decided to place an additional 30 billion ordinary shares by public subscription. This amounts to 15% of the current authorized capital (13% of the increased one).

Yuzhuralzoloto Group is among the top 10 Russian gold miners. In addition to the company of the same name, the group includes the Kommunarovsky Mine , Sovrudnik, Priisk Drazhny and other assets.