Aeroflot announces results of EGM

14 September 2020

14 September 2020, Moscow — PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces the results of an Extraordinary General Meeting of shareholders held on 11 September 2020 with absentee voting.

The EGM approved measures to bolster Aeroflot’s long-term liquidity and financial stability and support the further restoration of operating capacities to pre-COVID-19 levels as domestic and international markets continue to recover.

Shareholders approved an increase in the Company’s equity capital of up to 1,700,000,000 additional shares through an open subscription.

The EGM also approved a related technical amendment to the Company’s Charter to increase the number of authorised shares from 250,000,000 to 1,950,000,000. (“Authorised shares” are those that the Company may legally issue in addition to already issued equity capital.) The amendment will come into effect after it is registered with the Federal Tax Service.

The number of shares, price per share, and other parameters of any additional share issuance will be determined in due course by the Board of Directors of PJSC Aeroflot.