10th Jul 2009 14:44
FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM AUSTRALIA, CANADA AND JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
JSC RusHydro (HYDR)
Notice regarding the application for cancellation of listing of Regulation S Global Depositary Receipts on the Official List and cancellation of admission to trading on the Main Market of the London Stock Exchange
1. The Global Depositary Receipt Programme of JSC RusHydro
The Bank of New York Mellon acts as depositary for the global depositary receipt ("GDR") programme of JSC RusHydro ("RusHydro"). Each GDR represents 100 ordinary shares of RusHydro. The GDR programme comprises (i) a tranche issued outside the United States and the Russian Federation to certain persons in offshore transactions in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the "Regulation S GDRs") and (ii) a tranche issued in the United States to qualified institutional buyers, in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended ("Rule 144A GDRs").
The Regulation S GDRs and the Rule 144A GDRs are currently admitted to the Official List of the Financial Services Authority (the "Official List") and to trading on the EEA Regulated Market of the London Stock Exchange (the "Main Market")
2. Cancellation of listing of the Regulation S GDRs on the Official List and cancellation of admission to trading on the Main Market
RusHydro is applying for a cancellation of the listing of the Regulation S GDRs on the Official List and a cancellation of their admission to trading on the Main Market. RusHydro is applying for this cancellation in connection with the proposed issuance of Level 1 American Depositary Receipts in exchange for Regulation S GDRs as summarised below.
This application for cancellation of listing and admission to trading does not extend to the Rule 144A GDRs.
3. Issuance and Exchange of Level 1 American Depositary Receipts
RusHydro has established a Level 1 American Depositary Receipt ("ADR") programme with The Bank of New York Mellon, as Depositary (the "Depositary"). Each ADR represents 100 ordinary shares of RusHydro. RusHydro will apply to have the ADRs admitted to the Official List and to trading on the Main Market. If the UKLA and the London Stock Exchange approve such applications for listing and admission to trading, RusHydro anticipates that the following steps will occur on a near-concurrent basis:
For the Regulation S GDRs, the ISIN is US44880R2022, the CUSIP is 44880R202 and the London Stock Exchange trading symbol is (HYDR).
4. Schedule
It is anticipated that the listing and admission to trading of the ADRs and the cancellation of listing and admission to trading of the Regulation S GDRs will take place on 7 August 2009.
Further information is available at:
The Bank of New York Mellon
Neil Atkinson
Global Corporate Actions
Tel +44 (0) 207.964.6602
E-mail: [email protected]
Sammy Peermal
Global Corporate Actions
Tel: + 1 (954) 255-5137
E-mail: [email protected]
Azat Nougumanov
ADR EEMEA Rel Mgmt NY
Tel: +1 (212) 815-2570
E-mail: [email protected]
Date: 10 July 2009
Related Shares:
92XY.L