OREANDA-NEWS. The Board of RAO UES took a number of decisions aimed at completing the restructuring of OAO "Volzhskaya Interregional Distribution Company" ("Volzhskaya IDC").

In order to ensure that the spin-off companies' shareholders are given direct shareholdings in OAO "Volzhskaya IDC", the spin-off companies -- OAO "Samara Distribution Company", OAO "Saratov Distribution Company", and OAO "Ulyanovsk Distribution Company" -- will be reorganized and merged with and into OAO "Volzhskaya IDC".

The Board of Directors of RAO "UES of Russia" instructed its representatives at the board meetings and general shareholders meetings of OAO "Samara Distribution Company", OAO "Saratov Distribution Company", OAO "Ulyanovsk Distribution Company", and OAO "Volzhskaya IDC" vote for the resolutions needed to proceed with the mergers.

One of the proposals to be voted on is that OAO "Volzhskaya IDC" issue additional shares, 12,969,823,845 ordinary shares and 185,795,517 preferred shares.