Aeroflot board set to discuss increasing company’s share capital

Aeroflot Group’s board is to hold a meeting at which the directors will discuss increasing the authorised share capital of the company. The board meeting is set to take place on 29 April, the airline has disclosed. Its agenda includes amending articles of association for the company and determining the placement price of additional ordinary shares. No details of the share plan have been outlined. Aeroflot Group also plans to convene and extraordinary general meeting of shareholders, on a date yet to be fixed. The company’s capital comprises some 2.44b ordinary shares, with the Russian government holding around 57%. Another 41% are free-floated.<br/>