OREANDA-NEWS. On July 08, 2008 OGK-4 has completed the placement of its ordinary shares through the conversion of ordinary and preference shares in JSC OGK-4 Holding into ordinary shares in OGK-4, reported the press-centre of OGK-4.

The share placement took place at the same time as JSC OGK-4 Holding was spun off from RAO UES of Russia, which spin-off was accompanied by the merger of JSC OGK-4 Holding with and into OGK-4. OGK-4 actually placed 31,590,306 additionally issued shares, each with a nominal value of 0.40 Russian rubles.
 
OGK-4 is to prepare the Share Placement Reports in July 2008. After being approved by the Board of Directors of OGK-4, the Reports will be filed with the Federal Financial Markets Service of the Russian Federation (FFMS).
 
As was reported earlier, FFMS on April 29, 2008, registered two additional issues totaling 32,539,735 OGK-4 shares, each with a nominal value of 0.40 Russian rubles. The share placement was part of the final phase of the reorganization of RAO UES of Russia.

The shares were placed on July 1, 2008, the day when the dissolution of JSC OGK-4 Holding according to its shareholder register as of that date was registered on the Uniform State Register of Legal Entities.