Supervisory Board of the Bank proposed increasing the authorized capital

Supervisory Board of Moscow Credit Bank has proposed that the shareholders increase the bank's authorized capital. Method of increasing the authorized capital is not disclosed in the announcement. Shareholders have also been asked to reconsider their earlier decision to reorganize the credit institution in order to allocate the blocked assets. Shareholders' meeting will consider these issues on May 25. Shareholders who vote against the reorganization or do not participate in the meeting will be able to redeem their shares at a price of ₽10.35 per share.