23 May, 2006

Russia: Baltika spends 10.2 million rub. for 0.009% minorities’ shares

Baltika Breweries OJSC has bought back 7095 ordinary shares and 5035 preferred shares from its minority shareholders who voted against or who didn't take part in the meeting held to discuss the merger of Vena, Pikra and Yarpivo into the Company, AK&M news agency informed May 23.

Baltika paid 10.2 million rub. for these shares. Ordinary shares were bought back at 930.22 rub., preferred shares -at 734.87 rub.

At present Baltika's authorized capital totals 130.7 million rub., split into 117158530 ordinary shares and 13545150 preferred shares of 1 rub. par. Thus, Baltika has bought back 0.009% shares.

As it was informed earlier, Baltika's annual meeting scheduled on May 30 will discuss the decrease of the authorized capital by the redemption of the bought out shares.

Înapoi

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