OREANDA-NEWS. On 25 July 2008 was announced, that the general meetings of the shareholders of "Oranta" Incorporated were held in urban-type community Coctebel (The Crimean Autonomic Republic). Among other decisions, the results of private placement of the company’s shares were approved, according to which during the period since 12th of June and up to 1st July 2008, 16 302 000 single registered shares have been placed and paid in full, with the placement price of UAH 5, 85 each. The total nominal value is UAH 95 366 700. Thus, after state registration of the new version of the company’s statute (due to the increase in the capital), the legal capital of the company will make up UAH 175 032 000 that confirms and guarantees that the company will perform the obligations under concluded insurance contracts.

As well as the shareholders of "Oranta" Incorporated confirmed the membership of the company in the Nuclear insurance poll (NIP). The necessity of such confirmation has arisen from the decision of the general meetings of the pool’s members, who, taking into consideration the joint and several liability of the society, wished to see the consent of the company’s shareholders for membership in NIP. Let’s remind that "Oranta" is the founder of NIP.

Besides, the shareholders’ meetings approved the change of the statute of 70 separate departments (branches) of the company in 15 regional directorates. Let’s remind that according to the strategic resolution of the company, one of the priority tasks is the optimization of regional network through switching over of some separate departments of the directorate to the non-balanced branches. The policy of the company is directed to improve the regional network. It means that in the perspective the separated departments of the directorate, the status of which will be changed and which will be considered as non-balanced branches, will remain as separate units in the branched regional system.

The shareholders of the company at the meetings in Coctebel recalled a member of the board of directors, the first deputy of the chairman, Vladyslav Nemirovskyy, from the board of directors of "Oranta" Incorporated due to his assignment for the post of the president of IC "Oranta-Zhyttya". Today as well the meetings of the shareholders of "Oranta-Zhyttya" were held. After transfer of affairs in "Oranta" Incorporated Mr. Nemirovskyy started work in "life" company.

Hereby, Serik Tymirgaleyev resigned from the Supervisory board of "Oranta" Incorporated. The shareholder IMG international holding company, LLC was elected to the board of the company.