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Rostvertol intends to raise share capital.

At the Rostvertol special meeting Mar. 12 the decision to increase share capital through a common stock issue in the volume of 778mln rub. was approved, the company informed.

The issue includes 778mln common stocks of 1 rub. par to be placed through the close offering in favor of Oboronprom at 4.04 rub./pcs.

The BOD nominees were discussed.
Rostvertol (TIN 6161021690) was formed in 1992 through the restructuring of Rostovsky Helicopter Production Complex. Now it is a producer of Mi-26T and Mi-24 helicopters. The products are exported to Asia, Africa, Latin America, Eastern Europe. The share capital is worth 2.3bn rub. split in 2.3bn common stocks of 1 rub. par.

The 9-month 2013 net profit (RAS) dropped 2.03 fold to 1.126bn rub.

from 2.282bn rub. prior year; revenues - 6.57% to 16.293bn rub. from 17.438bn rub.; profit from sales - 36.23% to 1.864bn rub. from 2.923bn rub.; pretax profit being halved to 1.397bn rub. from 2.734bn rub.

"AK&M", 17.03.2014


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