OREANDA-NEWS. Following the AGM decision to consolidate shares, Inter RAO Board of Directors approved the decision on the securities issuance and the securities prospectus, required in order to file documents for the registration of issue to the Central Bank of the Russian Federation (Bank of Russia). Inter RAO will consolidate shares on the basis of 1 (one) new share for every 100 (one hundred) shares outstanding, thus increasing the par value of each share from 0,02809767 RUB to 2,809767 RUB. The aim of the initiative is to generate greater interest in the company's shares.

As of today, the stated capital of JSC Inter RAO is 293 339 674 800 RUB and is divided into 10 440 000 000 000 regular shares with a par value of 0,02809767 RUB each. Following the consolidation, the stated capital will remain the same, but will be divided 104 400 000 000 regular shares with a par value 2,809767 RUB each.

In order to minimize the liquidity risk during Inter RAO share trading suspension, the management developed the most convenient shares consolidation schedule. The proposed schedule aligns with seasonal low trading activity and holidays. No financial disclosures will be made during this timeframe.

Planned shares consolidation schedule:

the securities are expected to be registered not later than on December 23, 2014;

trading in Inter RAO stock is expected to be suspended on December 25, 2014, with an expected suspension period of not more than 15 business days (including New Year Eve holidays from 1-11 January 2015);

the expected conversion date of ordinary registered uncertificated shares not later than 26.12.2014.