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UAC board of directors gives nod to flotation
RBC, 20.11.2009, Moscow 13:43:15.The board of directors of United Aircraft Corporation (UAC) has approved the decision on the placement of additionally issued shares in the amount of 43bn with a par value of RUB 1 (0.03) each. With this in mind, the company is set to float RUB 43bn (approx. USD 1.5bn) worth of shares by private subscription. The offering price has been set at RUB 1.05 (approx. USD. 0.04), and the flotation date is the day following the state registration of the additional share issue. The end date of the flotation is March 31, 2010. The shares will be placed in favor of Vnesheconombank, which can purchase no more than 20bn additional shares.
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