FSFM of Russia Registered Additional Share Issue of RusHydro
OREANDA-NEWS. August 19, 2011. The Federal Service for Financial Markets (FSFM) of
The additional share issue has a state registration number 1-01-55038-E-040D. The shares can be paid for by cash or non-cash assets. The Annual General Meeting of shareholders of RusHydro approved an increase of the Company's authorized share capital by issuing 89,000,000,000 additional ordinary shares with a par value of RUR 1 per share on June 30th, 2011.
The FSFM also granted authorization for the placement and circulation of 44,500,000,000 additional shares of RusHydro outside the
The placement of the share issue will begin after all the corporate procedures to evaluate assets, that can be used as payment for shares. The Board of Directors already approved the valuation of a number of assets. Valuations of shares of JSC RAO Energy Systems of East, JSC DEK, JSC Yakutskenergo, JSC
The Board of Directors approved the price of additional ordinary shares of RusHydro (including for pre-emptive buyout) at RUR 1.65 per share. The valuation of shares was done by an independent appraiser - LLC Institute for Enterprise Issues (
In accordance with the laws, shareholders of RusHydro have a pre-emptive right to acquire additional shares in the amount pro rata their shareholdings in the Company (as at May 23, 2011).
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