Irkut to offer additional shares to raise capital by 25%

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Russia's Irkut aircraft manufacturing corporation plans to start placing additional shares on February 7 to raise up to 5.9 billion rubles ($200 million) and boost its authorized capital by 25%, Irkut said on Monday.

Russia's Irkut aircraft manufacturing corporation plans to start placing additional shares on February 7 to raise up to 5.9 billion rubles ($200 million) and boost its authorized capital by 25%, Irkut said on Monday.

The company plans to offer 244.533 million shares, with an offer price amounting to 24.23 rubles, Irkut said in a statement.

Irkut's current authorized capital totals 2.9 billion rubles and consists of 978 million shares, while after the additional share issue it will be raised by 25% to 3.63 billion rubles.

"The list of persons with the preemption right to acquire newly issued shares will be drawn up on the basis of data in the issuer's shareholders register as of the date when the company's board of directors decided to raise the capital via placing additional shares (May 21, 2010)," the company said.

MOSCOW, February 7 (RIA Novosti)

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