OREANDA-NEWS  On 13 November was announced, that the Ukrzviazokbud company (SVMN) intends to increase statutory fund by UAH 27.34 million to UAH 31.25 million via additional issue of shares.

It is planned to issue 273,413 simple registered shares in a documentary form and a face value of UAH 100 per share.

The shares will be placed in a closed way.

Motif of statutory fund increase is replenishment of circulating funds. The placement of shares will be held in two stages. The first stage is from January 15 till February 2 and the second from February 3 till March 10. The shareholders will consider this issue at their meeting on December 12. Ukrzviazokbud ended 2007 with a profit of UAH 4.24 million, having increased the net revenues by 56.4% or UAH 13.52 million to UAH 37.49 million, compared with 2006.

Ukrzviazokbud, registered as an open joint stock company, specializes in trunk pipelines construction, telecommunication and energy supply. 10.6% shares of Ukrzviazokbud belong to On Line Capital limited liability company, 57% to resident individuals.