6 August 2020, Moscow – PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces the results of a meeting of the Board of Directors held on 5 August 2020. The meeting was chaired by Evgeny Ditrich.
The agenda of the meeting included the following items:
Amendments to the Charter of PJSC Aeroflot (section concerning authorised shares). As part of measures aimed at improving the financial stability of Aeroflot Group, the Board of Directors considered amendments to the Charter to increase the number of authorised shares. The number of authorised (not issued) shares in the Charter is proposed to be increased to 1,950,000,000 from 250,000,000 shares in order to provide for the possibility to increase the сharter capital by issuing additional shares – subject to the decision of an extraordinary general meeting of shareholders. The General Meeting of Shareholders is recommended to approve the proposed amendments to the Charter of PJSC Aeroflot. The amendment shall come into effect after the relevant resolution is passed by the General Meeting of Shareholders and the amendments to the Charter are registered with the Federal Tax Service.
Increase in the charter capital of PJSC Aeroflot through an additional share issue. In accordance with Russian Government Order No. 1937-r dated 24.07.2020, an additional share issue was considered as part of the measures to improve the financial stability of Aeroflot Group. A proposal will be submitted to the General Meeting of Shareholders to approve an increase in the Company’s authorised capital by issuing up to 1,700,000,000 additional shares.
Convening an Extraordinary General Meeting of Shareholders of PJSC Aeroflot. An Extraordinary General Meeting of Shareholders of PJSC Aeroflot has been convened to consider an additional share issue. The meeting is scheduled for September 11, 2020. If the necessary resolution is adopted, PJSC Aeroflot can carry out an additional share issue within the approved parameters.
Agenda of the Extraordinary General Meeting of Shareholders of PJSC Aeroflot. The agenda and all necessary documents for the Extraordinary General Meeting of Shareholders of PJSC Aeroflot have been approved.