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Crimean Soda Plant: shareholder meeting decides on share issue

Shareholders in the Crimean soda factory (Krasnoperekopsk, Crimea) approved at their meeting on 4 September 2005 the results of the subscription for a new share issue which increased the plant“s stat…

Shareholders in the Crimean soda factory (Krasnoperekopsk, Crimea) approved at their meeting on 4 September 2005 the results of the subscription for a new share issue which increased the plant“s statutory fund by UAH 38.556 million to UAH 219.616 million. The State Commission for Securities and the Stock Market has not approved the additional issue of 38.556 million simple registered shares with a face value of UAH 1 each. The shareholders originally decided on the increase to the company“s statutory fund at a meeting on 14 June 2005. The Crimean soda factory intends to direct the funds received from the issue to upgrading production and its further development.

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