RusHydro obtains stakes in four companies in ongoing share offering
February 28 2013 - 7:13AM
OTC Markets
RusHydro obtains stakes in four companies in ongoing
share offering
JSC RusHydro announces that during pre-emptive rights
period, ended on February 26, 2013, RusHydro, together with the
shares owned by the companies of the Group, obtained stakes of the
following companies:
-
more than 25% of voting ordinary shares of Sakhalin
energy company and Irkutsk electronetwork company;
-
more than 75% of voting ordinary shares of RAO Energy
Systems of East;
-
more than 95% of voting ordinary shares of
Ust’-Srednekanskaya HPP.
RusHydro increased its shareholding in the
above-mentioned companies after the Russian Federation contributed
the ordinary shares of these companies as payment for RusHydro’s
shares of additional issue.
Company
|
Type of
shares
|
Price per share
(RUR)
|
Number of
shares
|
RusHydro’s holding (incl. ownership of
companies of the Group) before change
|
RusHydro’s holding (incl. ownership of
companies of the Group) after change
|
JSC RAO Energy Systems of
East
|
Ordinary
|
0.35
|
1 492 472 400
|
73.43%
|
76.72%
|
JSC Sakhalin energy
company
|
Ordinary
|
736
|
2 478 568
|
20.09%
|
44.63%
|
JSC Ust’-Srednekanskaya
HPP
|
Ordinary
|
1.96
|
2 649 171
000
|
85.17%
|
100%
|
JSC Irkutsk electronetwork
company
|
Ordinary
|
4.29
|
1 973 711
982
|
0.16%
|
42.53%
|
The market price of property to be used as payment for
additional shares was determined by the independent appraiser, the
Institute for Enterprise Issues (St. Petersburg).
The information on the number of shares of additional
issue placed during pre-emptive rights period and the results of
the pre-emptive rights execution including cash payment for
RusHydro’s shares of additional issue will be made available
later, in compliance with regulatory
requirements.
The increase of RusHydro’s share capital by issuance
and placement through open subscription of 110 bn additional
ordinary shares with a par value of RUR 1 was approved by the EGM
on November 16, 2012.
For more information:
JSC RusHydro, Investor Relations
Department
Tel. +7 (495) 225-3232 ext. 1319, 1394,
1607
ir@rushydro.ru
DISCLAIMER
The information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of RusHydro. One can
identify forward-looking statements by terms such as "expect,"
"believe," "anticipate," "estimate," "intend," "will," "could,"
"may" or "might," the negative of such terms or other similar
expressions. We wish to caution you that these statements are only
predictions and that actual events or results may differ materially
from these statements.
We do not intend to update these statements to reflect
events and circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained
in our projections or forward-looking statements, including, among
others, general economic conditions, our competitive environment,
risks associated with operating in Russia and rapid technological
and market changes in our industries, as well as many other risks
specifically related to RusHydro and its
operations.
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