OREANDA-NEWS. December 14, 2007. JSC “Belgorodenergo” Board of Directors approved decision on convocation of Extraordinary General Shareholders Meeting and determined its agenda, the company's press service reports. The following item will be submitted for consideration: “On Company restructuring in the form takeover to JSC “IDGC of the Center”, on approval of adhesion contract of JSC “Belgorodenergo”, JSC “Bryanskenergo”, JSC “Voronezhenergo”, JSC “Kostromaenergo”, JSC “Kurskenergo”, JSC “Lipetskenergo”, JSC “Orelenergo”, JSC “Smolenskenergo”, JSC “Tambovenergo”, JSC “Tverenergo”, JSC “Yarenergo” to JSC “IDGC of the Center”, on act of transfer and acceptance approval.”

The meeting is held in the form of correspondent voting. The date of listing the persons, who have the right to participate, is December 3, 2007. The filled in bulletins by participants for voting will be collected until January 17, 2008.

The Board of Directors approved the conditions establishment and the way of company restructuring, which are contained in the contract on DGC takeover to JSC “IDGC of the Center”, as well as, determined the register of information materials, provided by shareholders while preparing for the meeting, bulletin texts for voting and meeting announcements.

Svetlana Mikhaylova, the corporate secretary of JSC “Belgorodenergo” is appointed as Shareholders Meeting Secretary.

Also, the Board of directors determined, that in accordance with point 1 of article 75 of the Federal Law “On Joint Stock Companies” the company shareholders, who voted against the restructuring or did not participate in the voting on the restructuring item, have the right to claim redemption of shares in accordance with the procedures established by Russian Federation legislation. Pursuant to independent appraisers’ report – consortium of independent estimating companies, the JSC “Belgorodenergo” Board of Directors approved the price for Company shares for such shareholders: 4967,82 rubles for one ordinary share; 4549,53 rubles for one “A” type preferred share.