PRIME-TASS. Sobinbank plans to upsize its charter capital by 24.5% by issuing additional shares in favor of its shareholder, Bank Rossiya, Sobinbank said in a press release.
The bank’s shareholder took a decision to boost its charter capital to Rub 4.07 bln by floating 800,000 shares with Rub 1,000.00 par value each.
The stock placement price is to be determined by Sobinbank’s BoD simultaneously with a decision on an additional share issue, and it cannot be less than the par value of the shares.
At present, the lending institution’s charter capital equals Rub 3.27 bln.
