Sunday, August 20, 2017

Nomos Bank to increase share capital in share issuance

Nomos Bank's supervisory board announced a plan to increase share capital in an issuance of 21.8 million ordinary registered shares.

The offering with price will set by the supervisory board at a later date, and the shares will be offered through open subscription on the MICEX.

"The financing obtained thanks to the offering will be used for the bank's development," Nomos Bank First Deputy President Dmitry Romaev said.

Two extraordinary shareholder meetings will be held on Sept. 9 and Oct. 28, as decided upon by the supervisory board.