The Board of Directors of Novabev Group has approved the terms of the authorized share capital increase

On July 15, the Board of Directors of Novabev Group approved a document containing the terms of the authorized share capital increase. It will increase by 11.06 billion roubles: 8.85 billion roubles from additional capital and 2.21 billion roubles from retained earnings of Novabev Group.

Each shareholder will receive seven new shares free of charge for each share already held. As part of the share capital increase process, 110.6 million new ordinary shares with a par value of 100 roubles will be issued. This will bring the total number of shares in circulation to 126.4 million. At the same time, the shares of Novabev Group shareholders will not be diluted, as the new securities will be distributed proportionally among them.

Within a week, documents for registration of an additional issue of ordinary shares will be sent to the Central Bank of Russia. Upon receipt of a positive decision from the Bank of Russia, the company will announce a material fact.

Record date for the distribution of additional ordinary shares among Novabev Group shareholders is set for the twelfth business day from the date of the Bank of Russia’s decision on the registration of the issuer’s additional issue of ordinary shares. A relevant press release will be published in due time to inform the company’s shareholders.