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36.6 Pharmacy Chain will place the additional issue
The Bench of 36.6 Pharmacy Chain approved the decision to place the additional issue, said in the company's announcement.
The issue includes 1.5 mil common shares at 0.64 rub par value. It will be placed under public subscription with priority of the company's shareholders. Total value of the additional issue will make 15.8% of the stock capital.
Placement value will be set after the registration and priority right termination. Troika Dialog was appointed broker.
Pharmacy Chain 36.6 was founded in July of 2002. It is one of the leading Russian producers and retailers of pharmaceutical preparations and drugs. It holds 51% of Veropharm OJSC.
Veropharm's net profit under IFRS for 9 months of 2006 rose 18.9% to $12 mil. Sales volume rose 27% to $99 mil.
Sales volume of 36.6 Pharmacy Chain OJSC, according to preliminary information, grew in IQ 2007 by 75% to $181.9 y-o-y.