OREANDA-NEWS. On July 20, 2009 VTB Bank Supervisory Council met and approved the additional placement of securities and the Prospectus, reported the press-centre of VTB Bank.

Earlier, JSC VTB Bank Annual General Shareholders Meeting approved the decision to increase the Bank’s charter capital by placing additional ordinary registered shares under the following terms and conditions:

number of shares to be issued - 9,000,000,000,000 (nine trillion);

nominal value of the shares - RUB 0.01 per share;

form of issuance - non-documentary;

type of offering - open subscription;

form of payment for shares - in Russian roubles.
 
The offering price of shares shall be determined by JSC VTB Bank Supervisory Council after the pre-emptive right expires. All new shares, including those issued under pre-emptive rights, will be issued at the same price.