OREANDA-NEWS. The committee of directors of Russian Joint-Stock Company “United Power Systems of Russia” has refined the previous program about the JSC “Territorial Generative Company – 1” extra stocks’ preparation and floatation.

The corrections were made to expand the abilities of the lending banks’ floatation, the JSC “Territorial Generative Company – 1”, and Russian Joint-Stock Company “United Power Systems of Russia” (in case it will take part in the transaction as the selling shareholder) in the determination of the optimal floatation structure.

According to the previously accepted decision, besides the extra emission, Russian Joint-Stock Company “United Power Systems of Russia” may offer its own “Territorial Generative Company – 1” interest for selling. Now, based on the new edition, there is no condition that these two processes have to run at the same time. This can provide with more effective transactions realization.

Let us remind you, that on the 8th of February the committee of directors of Russian Joint-Stock Company “United Power Systems of Russia” approved the limited dimension of “Territorial Generative Company – 1” equity at the rate of 1 875 228 129 448 pcs. for 0.01 RUR. After the extra emission floatation the Market Share of Russian Joint-Stock Company “United Power Systems of Russia” will decrease from 55.62% to 33.91%.