RusForest AB
Report from the extraordinary shareholders’ meeting in RusForest AB (publ) on 1 March 2012
RusForest AB 02.03.2012 08:00 --------------------------------------------------------------------------- RusForest AB's (publ) extraordinary shareholders' meeting on 1 March 2012 resolved in accordance with the following Stockholm, Sweden, 2012-03-02 08:00 CET (GLOBE NEWSWIRE) -- Amendment of 4 § in the articles of association -- The shareholders' meeting resolved on an amendment of 4 § in the articles of association whereby the limits for the company's share capital are changed from not less than SEK 600,000,000 and not more than SEK 2,400,000,000 to not less than SEK 60,000,000 and not more than SEK 240,000,000. Reduction of the share capital -- The shareholders' meeting resolved on a reduction of the company's share capital by SEK 862,269,246 for the purpose of securing cover of losses. The reduction shall be implemented without a redemption of shares. Once the resolution has been executed, the company's total share capital will amount to SEK 95,807,694 distributed on a total of 95,807,694 shares. Amendments of 4 and 5 §§ in the articles of association -- The shareholders' meeting resolved on an amendment of 4 § in the articles of association whereby the limits for the company's share capital are changed from not less than SEK 60,000,000 and not more than SEK 240,000,000 to not less than SEK 200,000,000 and not more than SEK 800,000,000. -- The shareholders' meeting also resolved on an amendment of 5 § in the articles of association whereby the limits for the number of shares are changed from not less than 60,000,000 and not more than 240,000,000 to not less than 200,000,000 and not more than 800,000,000. Authorisation for the Board of Directors to issue new shares -- The shareholders' meeting resolved to authorise the Board of Directors, for the period up to the next annual shareholders' meeting, to adopt decisions, whether on one or several occasions and with pre-emption rights for the shareholders, to issue new shares; provided, however, that any such issue must not result in the company's share capital exceeding the company's maximum allowed share capital as set out in the articles of association as adopted from time to time. Such new issue decision may in addition to subscription in cash include a provision that new shares shall be subscribed for by a right of set-off. For more details and information on background and motives for the resolutions, please see RusForest's press release of 30 January 2012. For further information please contact: Martin Hermansson, CEO, phone: +7 903 015 64 65, +7 985 921 92 32 or Per Brilioth, Board member, phone: +46 8 545 015 50 About RusForest AB (publ) RusForest is forestry and sawmilling company operating in Eastern Siberia and the Arkhangelsk region of Russia. The Company controls long term forest leases with an annual allowable cut of approximately 3.6 million m³, and utilizes these resources to produce a wide range of sawnwood products. Eastern Siberia is renowned for its pine and larch of exceptional quality, while the Arkhangelsk Region in northwest Russia has high quality spruce and pine forests similar to those found in northern Sweden. RusForest's goal is to develop into a leading independent integrated forestry and sawmilling company in Russia with an annual harvesting of 2.7 to 2.9 million m3. The Group's total sawmilling capacity, which is currently approximately 415,000 m3, is expected to, following completion of on-going investments; gradually increase to 500,000 to 550,000 m3 of sawnwood. There is significant potential (of up to 800,000 to 850,000 m3 of sawnwood) within the maximum allowable harvesting. RusForest AB's Certified Adviser on First North is Pareto Öhman AB. News Source: NASDAQ OMX 02.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: RusForest AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001732728 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden