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Otkritie Financial Corporation Bank is to issue additional ordinary registered certified shares in November 2014


The issue comprises 30.2 million shares, and was registered in May 2014. The nominal value of the issue is RUB 1.5 billion; the offering price will be determined later by a separate resolution of the Supervisory Board.

The securities are expected to be offered through the Moscow Exchange.

Otkritie Holding (which currently holds 75% minus 1 share in the Bank) is not going to acquire any of the additionally issued shares.

Dmitry Romaev, President of Otkritie FC Bank: “Raising additional capital will help Otkritie FC banking group improve its sustainability and expand the range of opportunities for developing our business.”