22nd Apr 2014 12:37
April 22th, 2014
RusHydro's depositary receipts are admitted to trading in repo market section on Moscow Exchange
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's American Depositary Receipts (ADR) are admitted to trading in repo [1] market section on Moscow exchange (MOEX) starting from April 21, 2014.
It was a result of the new federal law dated December 21, 2013 N379, which facilitated access to repo market of securities not listed in Russia.
Trading of RusHydro's ADRs on MOEX allows professional participants of Russian securities market to make transactions with the Company's ADRs, expanding the spectrum of market instruments.
Currently, the total number of RusHydro's ADRs representing the Company's shares at a ratio of 1:100 is 201,969,079 [2], or 5.23% of the Company's share capital.
About RusHydro:
RusHydro Group is one of Russia's largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group's thermal assets are operated by subsidiary - RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 37.5 GW, heat capacity - 16.2 thousand GCal/h.
Russian Federation owns 66.8% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on the MICEX and RTS stock exchanges, and included in MSCI EM и MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.
[1] Repurchase agreements (Repo) are bilateral transactions on the purchase (sale) of securities (first part of Repo) under the obligation of reverse purchase (sale) of the same securities in the same amount (second part of Repo) in a period and at a price determined by the conditions of the transaction.
[2] As of April 21, 2014
For more information:
JSC RusHydro, Investor Relations Department
Tel. +7 (495) 225-3232 ext. 1319, 1607
DISCLAIMER
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements.
We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.
Related Shares:
HYDR.L