Metinvest intends to increase authorized capital of its two ore mining and dressing plants

~~In February, issues of additional emission of shares will be considered at the Northern and Central ore mining and dressing plants that are parts of the group of Rinat Akhmetov and Vadim Novinsky.

The shareholders of the Central ore mining and dressing plant (TsGOK) and Northern ore mining and dressing plant (SevGOK), which are in the Metinvest group, intend to consider increase of the enterprises’ authorized capital.

According to the published agenda of TsGOK, issue of the authorized capital increase is the second at the extraordinary meeting of shareholders, scheduled for February 14th of the current year. The document doesn’t specify the amount of additional emissions and their aims. At the same time, it notes that the authorized capital will increase due to private placement of additional shares of the current notional amount through additional payments.