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Sept 4. TGC-4 shareholders decided at an EGM held in absentia to endorse

Finamrus com 04.09.2007 12:09
http://www.finamrus.com/newtopics/news0394E/default.asp
TGC-4 shareholders decided at an EGM held in absentia to endorse the company's additional share issue aimed at drawing investments. As the utility concern said in a press release, the SPO issue was approved by 99.6% of the shareholders who attended the EGM. TGC-4 will issue 586 bln common shares with Rub 0.01 par value each, constituting 42% of the company's charter capital before placement and 29.6% after stock flotation. TGC-4 intends to raise Rub 18 bln by placing additional shares.

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