25th Oct 2011 07:48
October 25th, 2011
JSC RusHydro Receives Shares of Kolyma-Energo, Ust-Srednekan HPP, Geoterm, Pavlodolskaya HPP and KamGEK Via Realizing Pre-emptive Rights
JSC RusHydro announces that as part of the process of realizing pre-emptive rights by RusHydro's core shareholder - the Russian Federation - shares of five joint stock companies (Kolymaenergo, Ust-Srednekan HHP, Geoterm, Pavlodolskaya HPP and KamGEK) were cleared into the account of RusHydro.
Number of shares, cleared into the account | RusHydro stake, % (in direct ownership) | RusHydro stake, after the change % (in direct ownership) % | |
Kolymaenergo | 4,212,199,965 | 64.2746 | 98.7597 |
Ust-Srednekan HHP | 5,642,166,600 | 3.64 | 35.3134 |
Geoterm, Pavlodolskaya HPP KamGEK | 6,300,000 380,900 1,187,917,534 | 79.8423 0 0 | 92.7972 100 96.58 |
On August 2nd, 2011, RusHydro's Board of Directors approved the following share valuations:
- RUR 1.0208442229071per share of Kolymaenergo;
- RUR 1.3115530454084 per share of Ust-Srednekan HHP;
- RUR 13.1746031746032 per share of Geotherm;
- RUR 39,3804148070360 per share of Pavlodolskaya HPP;
- RUR 0.4461589166171 per share of KamGEK;
For more information:
JSC RusHydro, Investor Relations Department
Tel. +7 (495) 225-3232 ext. 1319, 1394, 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.
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HYDR.L