OREANDA-NEWS. The placement of OGK-5’s global depositary receipts (GDRs) to RAO UES ADR and GDR holders, which expressed their desire to acquire OGK-5 GDRs and confirmed that they are non-American residents, is complete. The placement was performed within the framework of the final stage of OGK-5’s spin-off from RAO UES of Russia.

The holders of 22,279,367 ADRs and GDRs of RAO UES became the holders of 18,351,514 GDRs of OGK-5 (42.3% of the total amount of RAO UES ADR and GDR holders).

The holders 11,800,982 ADRs and GDRs of RAO UES became the holders of 483,967,139 OGK-5 shares (22.3% of the total amount of RAO UES ADR and GDR holders).

Thus, 64.6% of RAO UES GDR and ADR holders expressed their desire to become holders of OGK-5’s securities.

Based on the results of the placement of OGK-5 GDRs, the share of GDR owners totaled 2.6% of the share capital of the company.

Anatoly Bushin, CEO of OGK-5 gave the following comments to this event: “We find the results of the placement fairly successful. Two-thirds of RAO UES DR holders became our shareholders. This serves as the actual proof of the fact that OGK-5 shares are attractive to the international market. Of course, new shareholders imply new responsibility. The management of the company clearly acknowledges such responsibility and will do its best to increase the market capitalisation of OGK-5.”