Promsvyazbank announces a new share issue12.10 | 2009
An Extraordinary General Shareholders’ Meeting (EGM) of Promsvyazbank (PSB), held today in Moscow, approved an increase of the charter capital of PSB through an additional issue of ordinary shares.
PSB’s charter capital is projected to increase by RUB 1.45 billion resulting from a private placement of 144 850 846 000 additional ordinary shares. In addition, PSB shareholders’ equity will increase due to an increase in share premium resulting from the placement of shares. The share price will be set at PSB’s Board of Directors meeting preliminarily scheduled for November 2009. The European Bank for Reconstruction and Development (EBRD) and Commerzbank Auslandsbanken Holding AG (Commerzbank) – are expected to participate in the issue of shares. Commerzbank’s existing stake in PSB’s charter capital will thereby remain unchanged. Following the completion of the additional share issue, the shareholder structure of PSB’s charter capital is expected to be as follows: Promsvyaz Capital B.V. – 72.9344%, Commerzbank – 15.3199%, and EBRD – 11.7457%. The beneficiary owners of Promsvyaz Capital B.V. are Messrs. Alexey Ananiev and Dmitry Ananiev. Commerzbank Auslandsbanken Holding AG is a 100 per cent subsidiary of Commerzbank AG, one of the largest banks in Germany. _________________________________________________________________________________________________________ About Promsvyazbank OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 414.5 billion, and total capital of RUB49.3 billion under IFRS as of 1 July 2009. Holding company Promsvyaz Capital B. V. owns 84.68% of the Bank, and Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG owns the remaining 15.32%. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service; “B” from Standard & Poor's; “B+” from Fitch Ratings. As at 1 September 2009, the regional network of the Bank in Russia encompassed 48 branches, 188 sub-branches and other types of outlets and 1 representative office; a foreign branch and a retail office in Cyprus; and foreign representative offices in Ukraine, China, and India. Banking Group Promsvyazbank includes OJSC Promsvyazbank (head organization), OJSC Volgoprombank, OJSC Yarsotsbank and OJSC Nizhny Novgorod Bank. http://eng.psbank.ru/ ____________________________________________________________________________________________________________ Press and media inquiries: Evguenia Vatamanyuk, +7 (495) 787 67 17, vatamanyuk@psbank.ru, Tatiana Lazakovich, +7 (495) 727 1020, ext. 77 5288, lazakovich@psbank.ru  |
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