Shareholders of PAVLODARENERGOSERVICE JSC (Kazakhstan) decided to increase number of its announced common shares

/KASE, April 19, 06/ - PAVLODARENERGOSERVICE JSC (Pavlodar, the company), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, has presented to KASE a copy of the minutes of the prescheduled general meeting of its shareholders, which was held on March 30, 2006. According to the agenda the company's shareholders approved its charter in new edition, Corporate governance code and also made the following decisions (quotation from the mentioned minutes is given below): - "To increase the number of announced shares of PAVLODARENERGOSERVICE JSC up to 20 (twenty)% from total number of issued shares after their split. With the following their offering as far as necessary"; - "To conduct the procedure of shares subdivision in proportion 1/10, by means of increasing of shares number from 1,008,200 (one million and eight thousand and two hundred) shares to 10,082,000 shares with keeping the stakes of shareholders in shareholders equity of PAVLODARENERGOSERVICE JSC. After conducting the procedure of shares split it is recommended to conduct the extra issue at 20% from the amount of announced shares in the number of 10,082,000 copies, after the extra issue the amount of PAVLODARENERGOSERVICE JSC's common shares will total 12,098,400 shares." Primary activities - supply and distribution electrical energy in Pavlodar oblast. [2006-04-19]