Shareholders of Evraz Dneprovsky Iron and Steel Works decided to increase the charter capital by 30.44%, or by 175 million UAH, to 750 million UAH, by issuing 700 million ordinary shares.
The cost of each share is 0.25 UAH, they will be placed at 10 UAH per share.
The funds received from the placement of shares will be used as follows: 30% – to modernize coke manufacture to increase coke output; 30% – to construct the continuous-cast machine; 25% – to develop the rolling shop No. 2 and 15% – to carry our repairs of railroad and machinery. (Ukrainian metal)