The Board of Directors of JSC Russian Helicopters made a decision to hold an extraordinary general meeting in absentia on September 9, the company informed.
The record date is August 18.
The shareholders will consider an increase in the company's authorized capital through a follow-on offering of common shares in the amount of RUB 39 million.
The issue consisting of 39 million securities with a face value of 1 ruble is expected to be placed privately. The placing price is 773 rubles per share. The potential acquirers are JSC OPK Oboronprom and Rostec Group.
JSC Russian Helicopters (tax number: 7731559044) is a subsidiary of JSC OPK Oboronprom which itself is part of the corporation Rostekhnologii. It controls and manages the following helicopter industry enterprises: Mil Moscow Helicopter Plant, Kamov, Ulan-Ude Aviation Plant, Kazan Helicopters, Rostvertol, Progress Arsenyev Aviation Company named after N.I. Sazykin, Kumertau Aviation Production Enterprise, Stupino Machine Production Plant, Reduktor-PM, Novosibirsk Aircraft Repairing Plant and Helicopter Service Company. In 2013, the company supplied 275 helicopters.
IFRS net profit of JSC Russian Helicopters for 2013 grew by 1.29% to RUB 9.473 billion from RUB 9.352 billion the year before. Revenue increased by 9.95% to RUB 138.263 billion from RUB 125.749 billion, operating profit by 36.47% RUB 20.614 billion from RUB 15.105 billion, pre-tax profit by 18.96% to RUB 14.548 billion from RUB 12.229 billion, EBITDA by 26.99% to RUB 26.304 billion c RUB 20.714 billion.
According to the DataCapital information retrieval system, RAS net loss of Russian Helicopters for Q1 2014 grew by 72.11% to RUB 653.846 million from RUB 379.898 million the year before. Revenue decreased by 23.7% to RUB 260.213 million from RUB 341.032 million, sales loss increased 3.11-fold to RUB 377.086 million from RUB 121.232 million, loss before tax by 72.94% to RUB 808.283 million from RUB 467.376 million.