Board of Directors of SmartTech Group proposed an additional share issue to shareholders

Board of Directors of SmartTech Group proposed to the shareholders to increase the authorized capital by issuing new shares. Parameters of the additional issue have not been disclosed yet. In September, Promsvyazbank announced its intention to increase its stake in STG to 25%, including by buying out the additional share issue. Shareholders meeting of SmartTech Group on the issue will be held on January 10, 2025.