‘Kyrgyz Post’ plans to increase its authorised capital through a share issue

‘Kyrgyz Post’ intends to increase its authorised capital through a private placement of additional ordinary registered shares. The matter has been placed on the agenda for the company’s extraordinary general meeting of shareholders, scheduled for 10 December.

Shareholders are to consider the proposal to increase the authorised capital through the issue of additional shares, as well as to approve the related amendments and additions to the company’s articles of association.

A private placement involves the allocation of new shares to a pre-determined group of investors, rather than their free sale on the open market.

However, the notice does not disclose the size of the planned increase in authorised capital, the number of additional shares, their nominal value or the potential purchasers.

The final decision on the additional issue will be taken following a vote by the shareholders.