Jan 12, 2004. /Lesprom Network/. Russian NEUSIEDLER Siktivkar general meeting decided to boost stock capital by increasing the preference shares face value. After the stock capital increase 1 preference share at RUR 1 per share is quoted at RUR 300 per share. 1 common share at RUR 1 per share will be converted into 1 common share at RUR 300 per share, NEUSIEDLER Siktivkar public-affairs reported. The shares will be placed through conversion into shares with higher value. The shares conversion will take place on the 15th workday from the date of the state registration of the issue . Stock capital will be increased through additional capital (the company’s basic assets price was raised under the Russian Government latest regulation)/ The company’s stock capital will now reach RUR 387,560,400 and will be composed by the RUR 968,901 newly acquired common shares face value at RUR 300 per 1 share. The general meeting was initiated by the board of directors. Shareholders and their plenipotentiary representatives owning 88,7% of common shares attended the meeting. The owners of preference shares did not participate in the voting. The general meeting was due to meet as the company’s stock capital remained unchanged during the recent 10 years, and is no longer adequate. Lately the enterprise recieved considerable investments, which were not reflected in the stock capital. Besides the stock capital is a certain criteria of prestige and success for NEUSIEDLER Siktivkar when dealing with its partners. The only time the company issued shares was during the privatization. The first shares issue was registered by Komi Republic Finance Ministry on March, 16 1993. In accordance with the former issue, the total stake was 1,291,868 shares, including 322,967 preference shares (25%) and 968,901 common shares. The face value was RUR 1 per share. The general meeting decided to increase the stock capital by increasing the face value of RUR 1 per 1 preference and RUR 1 per 1 common share.